If there’s one thing everyone can agree on in an environment where economic data has been skewed, repeatedly revised and outright manipulated, it’s that we are seeing extreme volatility throughout the global marketplace. “From Shanghai to New York”, says highly acclaimed global trend forecaster Gerald Celente, “to stocks, bonds and oil prices, it’s swing time.”
And while most retail investors around the world continue to pump their money into propaganda-built markets that include over bloated stocks and real estate investments, those in the know are preparing for the inevitable crash because, as Celente notes, “the worst is yet to come.”
In his latest interview Celente sheds more light on a recent report that China is preparing for something very big by hedging its bets against the real possibility of a global currency crisis stemming from a collapse in the U.S. dollar. The Chinese, along with Russia and other nations, are in the midst of an unprecedented accumulation of gold in advance of a paradigm shift that is sure to uproot the entire global monetary system as we know it today.
Via King World News:
Everybody knows what’s going on. The only reason the equity markets are moving up to the levels they are, are the record amounts of cheap money being pumped into the system.
…
So, when we look at why they’re [China] buying gold… what you’re looking at is virtually every day since the New Year began, volatility has been the name of the financial market game. So you see from Shanghai to New York, to stocks, bonds and oil prices, it’s swing time, man.
…
So the markets are moving on fake news that means nothing. The facts remain the same. There has been no recovery. It’s a cover-up.
It was a cover-up from the beginning when they came out with too-big-to-fails and TARP. They threw a tarp over the big lie to keep the Ponzi scheme going.
…
One of our keynote speakers was Nomi Prins, who wrote the book All the President’s Bankers… As it would have it, two days before our conference she was a keynote speaker at the Federal Reserve.
She spoke to members of the Federal Reserve, the IMF and the World Bank.
And I said to her, ‘Nomi what was the one thing you learned?’
She said, ‘I learned that they don’t know what they’re doing. They don’t have a clue. They’re in uncharted waters and they’re faking it.’
The Chinese know it. The Russians know it. And even leaders of the Federal Reserve and U.S. government know it.
In response, despite the manipulations in the prices of precious metals through paper trading markets, countries and ultra-wealthy individuals around the world are rapidly acquiring the one asset that has stood the test of time for thousands of years as a store of value and wealth.
According to Celente, when the Ponzi scheme is finally revealed to the broader public, we’ll see a massive upswing in precious metals:
Here’s what we’re forecasting…
We’re forecasting a rapid rise in gold prices as speculators and survivors place their bets on safe haven assets… whether it’s gold or silver.
Because, when this next Ponzi scheme collapses we are forecasting that you’re going to see spikes up in gold that mirror the charts that you put up there and the spikes up in all the fake money that they’ve been printing. They’re going to follow it identically.
So, is $20,000 [per ounce of gold] on the horizon?
I don’t know.
But what we’re saying is… it’s going to go beyond the level it hit at the high in 2011 and start pumping way above $2,000 an ounce.
Source: Full audio interview at King World News – Click here to view related charts
The writing is on the wall. Trillions of dollars are being printed out of thin air to keep the system afloat for just a bit longer. Eventually, confidence in the U.S. dollar will be lost on a global scale. The Chinese and Russians will pull the plug. Investors will follow.
The rush to gold as a safe haven asset will come next.
Related Reading:
This October The World Will Change: “China Is Preparing For Something Big”
One Last Look At The Real Economy Before It Implodes
“The System is Broken”: Americans No Longer Believe In Its Institutions
Gerald Celente: “America Is A Collapsing Third World Country”
It Took 22 Years to Get to This Point
The United States just made a decision that could lead to World War 3. The current ruling class...
This article was originally published by Connor O'Keeffe at The Mises Institute. On Sunday, news...
The United States ruling class may be concerned that they have provoked Russia into an attack....
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The chinese are stockpiling all the gold they can get their hands on. Texas wants all their gold back. The Germans want theirs.
But Fort Knox is empty they say.
Remember that time they were going to pass the Fed audit bill and on the very day they were supposed to vote on it and open the books someone just so happened to fat finger a stock purchase that led to the dow jones losing 1000 points in a matter of minutes?
I remember that time…
https://www.shtfplan.com/headline-news/did-they-crash-the-markets-to-send-a-message-to-congress_05092010
In Conspiracy Fact or Theory news we ask our readers to consider the possibility that the 1000 point crash and subsequent recovery within a 30 minute time period was not a “fat finger” mistake, but rather, a clear message to our lawmakers that someone else, and not the American people, is in charge of America. This was a $1 trillion dollar move in stock markets, do you really buy that it was an accident as reported by the mainstream?
Watch the video below to get a basic understanding of the circumstances that may have been involved. This is not a lone theory and other analysts and financial commentators have similar views, as cited below.
…
We believe that it may have been a clear message sent to our elected officials, resulting in major changes to Ron Paul’s Audit the Fed bill, essentially gutting the provisions that we require transparency and disclosure about the Federal Reserve’s global monetary policy.
All one has to do is search this site, zerohedge, and Alex Jones using the name Celente and they will see how many times this guy has made some pretty specific predictions and been WRONG. Yes, supposedly he predicted the downturn of 2008, but he has been wrong more times than he has been right.
It is not just the calamity that may cause gold to rise in price. It is the decline in value placed on worthless fiat currency that makes it appear that gold is rising in value.
Why should anyone place trust in this guys “predictions” on the value of gold and the purchase of gold when he himself lost his ass by making worthless paper purchases of gold? He has no credibility when it comes to talking about buying or investing in gold.
Yes, you make some good points. I still listen to him, as I think he has the macro picture right. But you are correct, he did get taken by Obama crony Jon Corzine; he also made some prediction that the spring of 2014 was going to see something significant. Timing is a fool’s errand.
Still, how will that$222 trillion in TOTAL unfunded liabilities (per Dr. Lawrence Kotlikoff, Boston Univ., former Reagan official) be dealt with? You ONLY have three possibilities: raise taxes, cut services or print money. 10% growth is not possible under Obungler socialism. So, exposure to AG and AU is only prudent (and platinum is an even better deal right now). I suspect Celente will be right in the long term, if not the short.
If we cant trust J EWs with the printing of our money at interest, that is fiat debt, who then can we trust?
Another day, another Jew baiting post. Yawn
Wow! What a fascinating and well thought out counter argument to Lovey’s assertion. Were you a member of your school’s debate team? You might want to wade into reality:
http://www.youtube.com/watch?v=pUY7o7pX6vk
Wilson,
I agree that Celente has been wrong more than correct BUT what you might consider is that Celente uses info at the time that he has and IF the world WAS NOT being manipulated by the banksters HIS predictions PROBABLY would be very accurate. so with that said I think it is PRUDENT to keep a watch on what he says! and of course do your own research and then make your own decision, HE does have access to some info that most of us don’t!
In deep ritual there is such a thing as ‘truth or consequences’. In other words, you must show your victim your intentions, even if in a subconcious way- it’s kind of like the way you must invite the devil in disguise across your threshold for the devil to prevail.
The whole production is stagecraft. Ron & Rand seem to be ‘heartbreak’ characters- archtypes in play placed to catch the personal indentifier sympathies of victims. They represent the acme-man destined to fail. The message is: it’s no use, look how these good men were denied. (Much talk with dubious results -remember Occupy Wall Street)
Ron is lately also playing a ‘Cassandra complex’ role as well, in current financial warning commercials and articles.
I’m fine with being wrong but the whole drama, including the open challenge to the monster by the Rightious Man, seems like just another chapter in Operation Mindfuck sometimes.
“….. a recent report that China is preparing for something very big …..”
Everyone is preparing for something BIG. That something is Nibiru. Its now visible by telescope in a previously blacked out area of Google Sky.
Just saying. This is why all of the major powers are beefing up their military as fast as they can. Including the USA with Patriot missile sites in Texas (and elsewhere).
I still think it is a ways out and moving slower than some think. But I also think it is coming. I will add an interesting link below. 🙂
Here’s the link: hhhhhhhmmmmmmmm
http://www.timetobelieve.com/catastroph/is-planet-x-biblical/
🙁
The ponsi scheme of Religion already popped years ago, but we still have gullible cling-ons grasping for moon dust from the heavens as their savior. Its no different than the stockmarket bubble. One day you will find all your holding onto that is real, is your own dick.
The Ponzi scheme of religion is your own secular humanism. And if you think your quote “dick” unquote is the only thing that is real, wait until you go through male menopause or have prostate cancer.
Thanks for the link DK. This is definitely a topic of interest. I have, however, seen so much mixed data and theories over the last several years it is hard to know what is or isn’t accurate. Nonetheless, the idea of a Planet-X out there, and the historical evidence and text suggesting large-scale events like massive floods, earth crust displacement, etc. have taken place keeps me interested in this as a real possibility… In our lifetime, I don’t know… but nothing is outside the realm of possibility, I suppose.
I suppose a Planet-X passage/catastrophic scenario would explain all the bunkers, the Svalbard Global Seed Vault project and even recent comments from the Vatican on alien lifeforms and such…
If you have nascent interest in cosmology, I highly recommend this 2 DVD set discussing old models in light of centuries of supportive data, including the very latest microwave surveys:
http://gwwdvd.com
A more popular and abbreviated version has been released in cinema distribution:
http://www.theprinciplemovie.com
Nascent???
2 CIA Agents were arrested carrying 1300 Lbs of Cocaine while crossing the Mexican border, by the local Minutemen who really protect our country.
I been telling you all, the CIA is nothing more than a Criminal enterprise sponsored by the US Tax payer. The entire organization needs to be immediately defunded, disbanded and put all these criminal SOB’s in prison.
And the CIA was also responsible for the assassination of JFK.
In my opinion, the assassination of JFK was a pivotal moment in the modern history of this country. The country has not been the same since. I’m not saying that there was nothing happening prior to this event, but “events” definitely accelerated beginning with JFK’s murder. And the country has not been the same since.
The CIA does not work for us. It is one of the enforcement arms of the global elite. They destabilize nations and perform hits on those the global elite consider dangerous to their agenda…among other things.
Yes, they certainly do, as in the case of a senator from Minnesota who refused to go along with their “war ” bullshiite and was subsequently murdered via electronic interference withhis plane causing it to crash. And their crashing ofJFK jr. Plane also.
I remember an article by a once highly respected scientist/astronomer, possibly a European. He is probably dead now, since many of his type have mysteriously met an untimely death.
The one thing that stood out in my mind was the point that his observation, as well as others, of Planet X/Nibiru, showed a unique pattern to it’s movements. Those movements appeared to be controlled/steered, because the speed and travel was not like any other planetary object.
Could Planet X/Nibiru be controlled for a specific time in the future? Could it be a domiciled/inhabited, base of operations, that is being held for a specific time, by our Creator.
There are a lot of unanswered questions, and the specific orbit of the mass is still one of speculation. In fact, I have never actually seen it in space, so everything about it’s existence is pure conjecture on my part.
It may be a homeland for hobbits, for all I know.
At Akita, Japan, the Blessed Mother warned about mankind’s wicked behavior bringing a chastisement from her Son of “fire from above.” She also warned that the greater part of humanity will die, the good among the bad, that the survivors would envy the dead, and there would be nowhere to hide. A very sobering warning.
Keep your lamps trimmed and burning.
and lets not forget this rather cryptic remark
French Foreign Minister: ‘500 Days to Avoid Climate Chaos’
h ttp://www.weeklystandard.com/blogs/french-foreign-minister-500-days-avoid-climate-chaos_792736.html
Very interesting, that the 500 day window is ending around the last of September, 2015.
Also very interesting, is that the French are neck deep into the Illuminati/NWO agenda also.
Hardly anyone recognizes the relationship between the so-called “Liberty” statue, and it’s origins.
From an article I paste this:
Some may know that it was given to America by the French, but few know it was orchestrated by Freemasons, the secret society, not the government of France.
It’s interesting how America accepted a “gift” from a secret society and then put it up in New York Harbor, don’t you think? Can I donate a monument and have a major city put it up where everyone can see it? I hope so, because I have some great ideas.
Frederic Bartholdi, the designer of the Statue of Liberty, was, of course, a Freemason, and very familiar with occult and Illuminati symbolism and philosophies. The three major figures involved with the Statue, Frederic Bartholdi who designed the statue itself, Gustave Eiffel who designed the inner support structure, and Richard Hunt who designed the pedestal, were all Freemasons.
The entire article can be read at….
ht tps://stevenjohnhibbs.wordpress.com/2010/12/20/the-hidden-meaning-of-the-statue-of-libertys-illuminati-symbols/
I have often wondered why coinage from around the world and spanning many centuries, has symboblogy of a Mythological Goddess named, Libertas? Some say she is symbolic of Lucifer.
USA’s “Walking Liberty”, as one well known.
Might wanna read the last paragraph of that article, then as yourself if the first part has any real meaning to the one claiming that 500 days or if that is just alarmist stuff with no basis other than to get people hysterical.
Yeah Mac, this guy is very interesting. if laborious, but I am not comfortable about everything he says.
Particularly that part where he believes that meteor showers will destroy the entire Western Hemisphere rather than strike the Middle East as some other astronomers plotting Planet X (repeating his words) project. This would conflict with established prophecies.
Curiously, the Bible Code predicts meteors will destroy Iran. One should keep an open mind ……
Nibiru? Who would have thunk it? 🙂
Nibiru isn’t out there. You can’t hide gravity. Even though we can’t “see” dark matter, we can see it’s effects, due to gravity.
Some post Doc astronomer, who wants a full professorship, would have found Nibiru, by now.
There is a lot of non-government people looking at our solar system and close by systems. They would have seen Nibiru gravity effects by now and wrote a peer reviewed paper on it.
Nibiru… again???? I’ve been hiding in my bunker in the Kerguelen Islands for a decade waiting for that sucker… and still waiting for the Mayan calendar 2012 disaster, too!
TEST: I understand how you feel. Keep waiting but don’t try to hold your breath. Patience is faith in action. 🙂
Test,the Mayan calendar ending was just that,end of a 5000 year cycle,did not call for end of world as alarmists made it out to be.
Was just joking. But, check out the Kerguelim Islands. Now, THAT is a true bug out location!
Caravan To Midnight – Episode 305 Incoming: Planet 7x with Gill Broussard https://www.youtube.com/watch?v=bQDeKV7tHtA
Bank runs in Greece, Chinese markets down 13% this week alone, TPP passed in hou of Representatives (thank you sell out republicans) and the US on the verge of a race war. Hope your preps are in place, dog the hatches and brace for heavy rolls. Either civil unrest, a terrorist event (“domestic” or forgien same difference) or WW III with Russia or China will provide the scape goat for a failed US economy, the bank “hollidays” will begin, Obama will declare national emergency and “delay” the 2016 vote and become the first American Ceasar. Mark my words.
I’ve had similar thoughts. Obanghole doesn’t want to give up destroying the U.S. in 2017. He has a lot more work to do to completely destroy us.
YOU, SIR, are an AWAKE AND AWARE ~ AMERICAN! ~ and, I SALUTE YOU! Things are about to get FAR MORE “INTERESTING” than MOST Americans are even remotely prepared for!
Celente for President.
Oh……that’s right……only a PHUCKING KUNT can ever be President of The United States of Killing Whoever Isn’t Our Phucking Puppet.
Launch, Vlad, Launch.
Save us from these evil bastards.
They will burn in the lake of fire forever without a doubt.
International Zionist Crabs
the biggest threat to the once free republic of Zog Amerika is still the manipulating controlling Zionist Fifth Column infesting her FINANCIAL INSTITUTIONS, STATES AND FEDERAL GOVERNMENT like v.d. crabs.
And she is not alone it is the Internationalist Zionist Red Commie Crabs who have undermined and destroyed Sweden , South Africa and other once great nations of the world all in the name of globalization under a one world Zionist controlled global government!
*notice that all of the once majority white lead countries of the world are being forced to diversify by mass illegal immigration while the illegal country of Israel once known as the country of Palestine is enforcing very strict ‘white only Jew immigration policies and jew may only marry jew social re-structuring.
the international Zionists are creating a two class global system across the world , IT WILL BE THEM THE PURE BLOOD INTERNATIONAL ZIONISTS GLOBALLY RULING OVER EVERY ONE ELSE THE FORCED MIXED RACE MULATTO GOYIM BY 2050!
* some might call this DELIBERATE WHITE GENOCIDE by the International Zionist Fifth Column Globalists.
* IT’S ALREADY STARTED, see the links…SEE YOUR FUTURE!
https://youtu.be/3KSJY0c8QWw
du har det exakt rätt
https://youtu.be/2zMzeKBEvaQ
When Europeans Were Slaves – NOT in the lamestream media any time soon
COLUMBUS, Ohio – A new study suggests that a million or more European Christians were enslaved by Muslims in North Africa between 1530 and 1780 – a far greater number than had ever been estimated before.
In a new book, Robert Davis, professor of history at Ohio State University, developed a unique methodology to calculate the number of white Christians who were enslaved along Africa’s Barbary Coast, arriving at much higher slave population estimates than any previous studies had found.
Most other accounts of slavery along the Barbary coast didn’t try to estimate the number of slaves, or only looked at the number of slaves in particular cities, Davis said. Most previously estimated slave counts have thus tended to be in the thousands, or at most in the tens of thousands. Davis, by contrast, has calculated that between 1 million and 1.25 million European Christians were captured and forced to work in North Africa from the 16th to 18th centuries. Davis’s new estimates appear in the book Christian Slaves, Muslim Masters: White Slavery in the Mediterranean, the Barbary Coast, and Italy, 1500-1800 (Palgrave Macmillan).
________________________________________
“Enslavement was a very real possibility for anyone who traveled in the Mediterranean, or who lived along the shores in places like Italy, France, Spain and Portugal, and even as far north as England and Iceland.”
________________________________________
“Much of what has been written gives the impression that there were not many slaves and minimizes the impact that slavery had on Europe,” Davis said. “Most accounts only look at slavery in one place, or only for a short period of time. But when you take a broader, longer view, the massive scope of this slavery and its powerful impact become clear.”
Davis said it is useful to compare this Mediterranean slavery to the Atlantic slave trade that brought black Africans to the Americas. Over the course of four centuries, the Atlantic slave trade was much larger – about 10 to 12 million black Africans were brought to the Americas. But from 1500 to 1650, when trans-Atlantic slaving was still in its infancy, more white Christian slaves were probably taken to Barbary than black African slaves to the Americas, according to Davis.
“One of the things that both the public and many scholars have tended to take as given is that slavery was always racial in nature – that only blacks have been slaves. But that is not true,” Davis said. “We cannot think of slavery as something that only white people did to black people.”
During the time period Davis studied, it was religion and ethnicity, as much as race, that determined who became slaves.
“Enslavement was a very real possibility for anyone who traveled in the Mediterranean, or who lived along the shores in places like Italy, France, Spain and Portugal, and even as far north as England and Iceland,” he said.
Pirates (called corsairs) from cities along the Barbary Coast in north Africa – cities such as Tunis and Algiers – would raid ships in the Mediterranean and Atlantic, as well as seaside villages to capture men, women and children. The impact of these attacks were devastating – France, England, and Spain each lost thousands of ships, and long stretches of the Spanish and Italian coasts were almost completely abandoned by their inhabitants. At its peak, the destruction and depopulation of some areas probably exceeded what European slavers would later inflict on the African interior.
Although hundreds of thousands of Christian slaves were taken from Mediterranean countries, Davis noted, the effects of Muslim slave raids was felt much further away: it appears, for example, that through most of the 17th century the English lost at least 400 sailors a year to the slavers.
Even Americans were not immune. For example, one American slave reported that 130 other American seamen had been enslaved by the Algerians in the Mediterranean and Atlantic just between 1785 and 1793.
Davis said the vast scope of slavery in North Africa has been ignored and minimized, in large part because it is on no one’s agenda to discuss what happened.
The enslavement of Europeans doesn’t fit the general theme of European world conquest and colonialism that is central to scholarship on the early modern era, he said. Many of the countries that were victims of slavery, such as France and Spain, would later conquer and colonize the areas of North Africa where their citizens were once held as slaves. Maybe because of this history, Western scholars have thought of the Europeans primarily as “evil colonialists” and not as the victims they sometimes were, Davis said.
Davis said another reason that Mediterranean slavery has been ignored or minimized has been that there have not been good estimates of the total number of people enslaved. People of the time – both Europeans and the Barbary Coast slave owners – did not keep detailed, trustworthy records of the number of slaves. In contrast, there are extensive records that document the number of Africans brought to the Americas as slaves.
So Davis developed a new methodology to come up with reasonable estimates of the number of slaves along the Barbary Coast. Davis found the best records available indicating how many slaves were at a particular location at a single time. He then estimated how many new slaves it would take to replace slaves as they died, escaped or were ransomed.
“The only way I could come up with hard numbers is to turn the whole problem upside down – figure out how many slaves they would have to capture to maintain a certain level,” he said. “It is not the best way to make population estimates, but it is the only way with the limited records available.”
Putting together such sources of attrition as deaths, escapes, ransomings, and conversions, Davis calculated that about one-fourth of slaves had to be replaced each year to keep the slave population stable, as it apparently was between 1580 and 1680. That meant about 8,500 new slaves had to be captured each year. Overall, this suggests nearly a million slaves would have been taken captive during this period. Using the same methodology, Davis has estimated as many as 475,000 additional slaves were taken in the previous and following centuries.
The result is that between 1530 and 1780 there were almost certainly 1 million and quite possibly as many as 1.25 million white, European Christians enslaved by the Muslims of the Barbary Coast.
Davis said his research into the treatment of these slaves suggests that, for most of them, their lives were every bit as difficult as that of slaves in America.
“As far as daily living conditions, the Mediterranean slaves certainly didn’t have it better,” he said.
While African slaves did grueling labor on sugar and cotton plantations in the Americas, European Christian slaves were often worked just as hard and as lethally – in quarries, in heavy construction, and above all rowing the corsair galleys themselves.
Davis said his findings suggest that this invisible slavery of European Christians deserves more attention from scholars.
“We have lost the sense of how large enslavement could loom for those who lived around the Mediterranean and the threat they were under,” he said. “Slaves were still slaves, whether they are black or white, and whether they suffered in America or North Africa.”
#
Contact Robert Davis, (614) 292-5324 (614) 292-5324 FREE ; [email protected]
Written by Jeff Grabmeier, (614) 292-8457 (614) 292-8457 FREE ; [email protected]
http://researchnews.osu.edu/archive/whtslav.htm
Got Phyzz?
Keep Stacking, Real Precious Metal Money gd slv pln cpr is Real Freedom!
Cilente confirmed what I have been saying for months that at least watching and monitoring the daily trading sessions on Silver that the daily swings in Silver pricing are manipulated by shorting silver on Paper trading to beat the price up for cheaper physical accumulation. Like how does silver drop from as much as .90 cents in minutes without some manipulation, then by the end of the trading day silver is nearly back to the same price before the big drop? Any price below $16 for silver is a buy. Go to Kitco.com to watch the daily PM’s trading.
I will take your $16 and raise you $12 per Oz for a buy signal.
When markets crashed in 2008 they kept lowering saving rates to force people to take money out of the banks to gamble and went even lower with savings rates as things keep gettng worse.
The same people fix the paper price for gold/silver and are desperate so they will follow the same path and prices in metals will go lower.
We both well know that logic leaves the room when it comes to silver/gold else gold would be up 20% over the pertentail GExit today but it’s not.
I have metal already so i can take the risk but would buy at $16 if i didn’t have any so maybe you are half right with your advise.
If you look at what has been hacked over the past few years then this makes sense. The SCADA system in the power industry, the white house, every government personnel profile, major corporations ect. Two engineers hacked into the electrical system. They were not professional hackers.
Russia and China have hundreds or thousands of hackers working to do something like this. There is also that the theory that Russia and China had much to do with the 2008 crash.
Just so many threats to watch for out there. I have never seen a time where so many things could cause a massive crash in this country.
Thanks Mac for the site and for saving lives. I really believe you will save many lives by having this site.
Everyone watch your six especially over the next 6 months.
Mike,
I agree with you, i believe they ( whomever THEY are ) have been getting there DUCKS in a row and finally are about ready to do whatever that is, and yes lots of things seem to add up in Sept. of this year! keep prepping and watch your backs!!!
I like gold and silver and have some. But I have more bullets than anything else.
If you know how many cartridges you have, for each gun, you don’t have enough.
If you have to go somewhere in a hurry under conditions where vehicles attract too much attention or get searched along the way, they will belong to someone else after you’re gone.
100 boxes times 20 will be the same answer no matter where you are. It is key to know how many locations to make a difference. Any near a Walmart, electric substations or Reserve center in your area? How about gas pipelines in out of the way locations or radio and communication towers? Disruption is far more effective that direct onslaught.
One of the interesting things that no one seems to be following through on is that – while everyone agrees that most countries in the world have run up debt to unpayable levels, what happens to that debt when it is bought by one of the central banks. It is doubtful that much of this purchased debt will ever be sold back into the markets. Thus with the U.S. Fed holding 4 trillion in debt, have we not effectively reduced total US debt by that amount? Technically the Treasury would have to pay the Fed interest plus full value at maturity, but this is easy to manipulate or hide in a Fed that cannot be audited. So follow this through to shady cross agreements for even larger purchases by central banks, including purchases of foreign debt. Could the Fed balance sheet go to 10 or even 20 trillion? Will the Japanese central bank end up owning all of the enormous Japanese debt? And will markets punish the central banks and their currencies for massive balance sheets, or reward countries for greatly reducing their outstanding debt in the actual bond markets?
Probably yes to all the above, except the last one. Markets are not THAT stupid
Heck, Dr. Lawrence Kotlikoff of Boston Univ. says there is a total of $222 trillion of total unfunded outstanding, unfunded liabilities. Let’s have the Fed buy it all!!
The Fed buys it by issuing money out of nothing other than a decree that it now exists to those it gives it to.
You really want the Fed to issue 222 trillion in new money into the money supply?
Holy shit, not this AGAIN. 2K, 5K, 18K and 20K gold.
What about all that 5K gold we were supposed to have the last 4 FREAKING YEARS??????
Gold can barely hold 1200 and he thinks it’ll go to 20K. He must live in Colorado as he’s been smoking the ganja BIG TIME.
So silver will be going to……drumroll please…. $2000 an ounce!!! Yippee!
I’m not anti-PM’s, have them, love them. But 20K? PUUUHHHHLLLLEEEEEESSSSSSEEEEEE.
His predictions hold as much water as a bucket without a bottom.
Mac – YOU KNOW THIS!!! Come on, this place is slightly better than to be pushing this old, pointless xxK gold ‘by the end of the year’ dribble.
Really ?, I don’t think Mac is pushing anything. It is good to learn about what others are thinking and the coversations that it generates. Thank you Mac for developing this site. “Caveat emptor”, buyer beware!
DK, I am surprised that you of all people are a subscriber/believer in Nibaru/Planet X! Very interesting! I am OK with that. The planets may be aligning but I think it has more to do with the the world economic situation, suggesting a major correction or collapse is imminent.
Yea, DK, what happened to preaching that gold will hit astronomical highs? I thought you would be all over this article of Celente’s, with praise, like stink on shit.
You have forecast such highs before, as well as the everlasting reign of the dollar.
Yes he is. He’s posting this drivel as clickbait.
Ditto on “Nibaru”. There’s ten thousand (at least) amateur astronomers in the world who could see and track the thing if it existed. Not one has reported any such finding.
Celente can forecast all he wants. First Amendment and all that. It ain’t gonna happen. For one thing, if there IS a major systemic bank collapse, nobody will have any money to buy food, much less gold. No demand – the price drops like a rock. Those who have it will be begging people to take it in exchange for food, and there won’t be many takers, if any.
Did you actually read the article? He says $2k.
No one knows where gold will be. But people predicted the .com bust for YEARS. And when it did come, people were still shocked.
I simply ask one thing: Barring 10-15% growth, you ONLY have three options for a debt that, according to Dr. Lawrence Kotlikoff, Univ of Boston and former Treasury official under Reagan Lawrence Kotlikoff has now reached – for ALL unfunded liabilities (google name for verification) $222 freaking TRILLION.
a.) You can raise taxes (they will try… and get voted out)
b.) You can cut services (can you say “ObunglerCare and Zeke Emanuel)
c.) You can print money
Yes, they will combine all three. But there will still be a bias towards one. Jim Rickards says he suspects we will go to SDRS, which will tank the USD. Do you think they will make a major announcement the day before so everyone can take precautions???
Maybe AU and AG will go down some more in the near future. But, as Uncle Warren Buffet has said, don’t be caught swimming naked when the tide goes out. Scratch that. In this corrupt culture, I’m sure swimming naked is “cool” and even “groovy.” But good luck being naked – financially, or morally – when winter/judgment day comes.
Your gold or silver will not save you come the day of the Lords judgment my beautiful friends… This is the end.
Whatever happens,just keep prepping.I do believe while metals will hold their value and worth adding to ones basket after essentials what the gold buys you today is what it will buy you if available in tough times,i.e. a hedge against inflation,perhaps in a short/day trade like move one could bail and get more essentials at a profit if quick.That said,cover the essentials first!On a side note,consider brass/lead/steel core/tungsten tipped what have you ammunition “essential”,so please,no remarks regarding ammo or ammo components as “precious metals”,they are in the essential category people!In fact,any comments made about ammo being a precious metal will be considered disparaging(damn,enjoying this word this week) and thus will turn over to Mac for moderation/reeducation of your handle but also will reply with a slew of shop worn prepper phrases,you have neen warned(taunted/dared?)!That said,enjoy the weekend all!
My only reservations for hedging your bets with gold, are what if scenarios.
What if one had invested 90% of their wealth into physical gold, and the financial/banking system of N America were to totally collapse, such as in a grid down situation?
As one were to try and use that pm to purchase foodstuffs, it was confiscated as property of the state, and one were then followed home with a search warrant (as if it were needed) and the remainder absconded with; what the phuck would one do then?
Beg, borrow, or steal?
I can’t see the benefit of hedging a bet with gold, unless there is a know system of exchange for that pm. At least with junk silver, the face value is factual value, right up until the death of the dollar, and then it possibly would have an intrinsic value of something. Of course gold will have one too, but at what value. Dentistry?
“I need a gold tooth cap, so I’ll trade you a bushel of taters and three loaves of bread”.
Pass,govt. or others came to my home to steal anything either I own a lot more gear or am more likely dead while taking a few to the rock in hell with me,hence,gold superfluous at that point!That said,gold and silver has survived thru many empire rises and falls as a form of currency for 1000’s of years,tis a smaller break down/you survive,have that gold on other side would say you might do well in the brave new world.I would have it as one egg in basket after essentials covered and certainly would not put 90% of savings into gold in hand unless only other option was having said savings in bank!
Well stated.
Please keep them coming because the more i see of these zero-headge adverts the more the price of physical silver/gold goes down because they have gone too long and have lots of metal they need to sell.
Yes own silver/gold but don’t be taken in with greed and feel the need to panic buy because thats not the way to make a good deal
Celente has a lot of predictions and a lot to say, yeah the same things over and over. I know we all say the same things over and over. What else is there to say? It’s not like everyone is sitting around in the same room planning a collective plan of action to even slow down the enemies plans of total dominance. They have us divided to serve their purpose. Any attempt at unity is a big threat to their near all encompassing power hold. There is a sneak and a spy around every corner. How they set this all up without raising much of a stir in the greater population is quite a feat. You could say American’s are awakening, but look around, not really and not nearly enough.
Copper,lead and brass will go up too. More functional,smaller amounts and a great trade item. If it doesn’t happen we’ll have a hell of a 4th of July!
I will not trade lead or brass. It might get used against me. I will trade copper pennies.
Pennies haven’t been made out of copper for some time now. They’re Zinc with a tiny bit of copper for coloring.
Most people don’t know that.
ht tp://www.usmint.gov/about_the_mint/fun_facts/?action=fun_facts2
Anon,the change in 1982,some 95%copper/some 95% zinc,I save all 81 back pennies and nickels,though the nickel due for a “change”.
I know the new ones aren’t copper. I have a large collection of pre-1982 all copper pennies, and a collection of nickels.
Arch,pre 82 still have small amount of zinc,and,do I trust the feds,never melted one down for a analysis of the metals and percentages!
If ya can’t hold it you don’t own it. If you think you’ll be able to trot over to the bank and pick up your gold because you have any of the gold bond funds or ETFs, you will be in for a shock.
ht tp://www.forbes.com/sites/afontevecchia/2011/11/15/is-gld-really-as-good-as-gold/
“Regular shareholders have no rights of redemption and the gold is not required to be insured by the Trust, which is not liable for loss, damage, theft, nor fraud. Shares are bought in the open market, only after Authorized Participants decide to place or sell them. Therefore a retail investors doesn’t actually “own” gold, but an asset that is backed by gold and represents a certain quantity of the yellow metal.”
In other words, Holding paper on gold is worth no more than fire starter or rough-ass, wiping material.
I wonder how many idiots are holding such, and to what degree?
Looks like about $72B worth of idiots. Should be a good supply of TP available if and when it all goes south.
its all BS plain and simple
just like the info mercials on the idiot tube claim
“Gold will hit an all time high get yours while its low ” ITs all BS
most of these idiots bought a ton and now have zero takers and are trying to sell it while they can
one Infomercial claims silver Costs $ 23.05 just to mine and prep it for sale
Really ??? $ 23.05 ?? so how is it most are selling it at below $ 16.00 per oz
and how are they NOT going out of business ??
this PHYZZ BS is just that if you have to move and move quick your not going to be hauling out a lot of metal no matter what it is
Question; $20,000.00 for an oz. of gold, what will the $20,000 be in (beans, water, paper money, just what???). WTF is the worth of god based on in the future, I think it is based on fantasy, wishful thinking. Now if gold goes to 20K just what will everything else cost HHHMMMM.
Hey if you don’t have at least 100lb. going in you don’t have SH~T.
Get real folks, water and food will be worth a lot more.
Not GOD but GOLD forgive me on that one.
It doesn’t matter what the price of gold in dollars goes to. I, and hopefully other individuals, won’t be selling any of it for dollars anyway. Gold is worth about the same now as it always has, compared to other goods. An ounce of gold today is worth a nice suit. A hundred years ago, an ounce of gold was worth a nice suit. Gold hasn’t gone up. The dollar has gone down.
If you don’t already have gold, it’s probably too late to buy some, unless you’re very wealthy and need a place to stash a lot of excess wealth. If you’re an ordinary person and have all the preps you can possibly store, then you should put the excess in trade goods and junk silver. Just remember that silver also doesn’t change value much. A silver dime can buy a loaf of bread today and could buy a loaf of bread 50 years ago. It will probably be about the same in the future, although silver is actually being used up industrially and will gain some against gold and other commodities.
If gold goes up, everything else will. The local grocery store now has hamburger on sale for $5.50 a pound. I can’t buy beef or pork at all unless it’s marked down because of the expiration date. Stocking up on anything now is at least a hedge against inflation.
I wouldn’t worry about the price of gold, other than as an indicator of economic health. I don’t even follow the gold price. I go to coinflation to follow silver, copper, nickel, and zinc, and to bloomberg to follow the dollar index and the Baltic Dry Index.
An ounce of Gold was an ounce of gold a thousand years ago and will be an ounce of Gold a thousand years from now.
It took about the same real labor a thousand years ago, when it was mined with pure hand labor using hand tools, as it takes labor today using modern mechanically augmented mining techniques: The real labor value of the stored labor is the same, a constant that creates a constant value.
If you’re thinking $20,000 an ounce gold you should be far more concerned with what the dollar will be worth at that time since Gold will be worth the same in value (barring occasional trading opportunities in the commodity peaks and valleys, gold doesn’t really appreciate or depreciate in buying power value).
Consider, in 1980 you could buy an ounce of Gold for around 400 Zimbabwean dollars, today it takes a meaninglessly large (multi quadrillions) of them to buy that same ounce. The weight of the coin, though, is still an ounce and buys roughly the same amount of goods now as it did then.
If you’re looking for 20,000 Gold, you are actually anticipating that the dollar will be worth about 1/18 of what it is today at that time.
There are, of course, anticipatable and unanticipatable political factors that can alter this in all sorts of ways.
I and many others have said this before, and will say it again. PM’s are nice to have if you have the extra cash. However, PM’s are behind having a year supply of food, the knowledge and ability to grow your own food in the future, the ability to find and decontaminate water, and the lead to protect what is yours. Not only keep prepping, but keep learning new skills. My new skill this year is bee keeping. 4 new hives and they seem to be doing great. I am looking forward to fresh honey this fall. Keep up the good work Mac. In the words of Mad Eye Moody, constant vigilance. (yeah, I know I am a geek)
So okyyy it goes to 20K, 50K 100K so what, the same people that get “aid” and ebt, and free phones, and housing subs and med subs and, and , and, will still get it, and the rest with their gold will be trying to keep, up as usual, while the so called rich, will still run the show.
the struggle of life goes on and on, and humans will keep reproducing just as they have through what ever pitfalls there are, no matter how bad off things get, no matter how many die off due to hardships. until the sun goes nova and ends this whole mess.
Whats the formula to use to convince a gas station or store if shtf really happens, that the silver dime you possess is really worth $5 dollars or whatever?
if I owned a gas station I’d sell folks TEN CENTS worth gasoline per silver dime since thats the face value written on the dime….I’d bet most others will do likewise if shtf too. And no amount of argueing will convince them to sell you several gals gas for one thin dime no matter what its made of.
Same for any Gold coins that has a face value on it if that exists….and the gas station guy wont need worry of loss of your buisness since in real shtf events hes going to be swamped with folks that do have hundred dollar bills to spend. And if cash crashed it will be a Lack of enough for many folks…That wil make Cash is King even more so then.
Many folks cleaned up during great depression era buying stuff cheep when they had cash on hand and most didnt..
And there aint going to be no hyper inflation crap unless somehow the fed reserve or fed govnt decides to Pass out Mucho dollars TO reg avg folks across the nation.
All that talk of us dollars all a sudden return to usa and create a hyer event is BS Bunk…Why would any other nations return totally wortless dollars to usa?…What will they get for that?…Nada!
Whats to stop fed reserve workers that man their huge furnace which is used daily to burn up multi millions of old torn bills etc from tossing all dollars china or whoever returned to usa?…Nothing to stop destruction of it so we reg avg folks cannot get any to spend wildly.
All I usually see now at stores is most folks strive to locate enough dollars or pocket coins to pay their food or gas bills…..NONE I see has ever pulled out massive wads of cash to go on spend sprees…and unless a Majority of usa folks do that at same time…then its ZERO Hyper inflate events period.
DEFLATION as in Not enough Cash on hand for vast majority seems more likly…But still have enough so store guy can tell you that silver dime is only worth ten cents face value take or leave it pal.
I got dollars so I drive away on full tank…You walk home and keep the dime…Same for some home or farm owner or nice vehicle or whatever…if they are forced to sell like the Joads in 1930, they will sell for us dollars cash…which they then can fast go buy stuff like food with.
Metels is ok I guess if you like it…but I think 99% of all we hear or read past 10 yrs is sales gimmiks and especially Now since them gold promotors Lost so much silver or gold values and Need You to panic buy to jack prices up on their gold..
and why in world do they say us dollars soon be worthless…Yet Beg folks to hand over us dollars and They are going to hand You pure gold that keeps values?
of ALL folks them sellers should be the Main ones UNwilling to part with their stores of gold or silver if they really believe us dolalrs soon be trash.
I guess thats too common sensical to contemplate.
Try THIS all preppers who say Practice NOW with all forms preps before shtf….Try randomly shopping like usual at many stores etc like you do normally now…BUT…ONLY Offer to PAY for 100% of ALL goods or services or gas etc With Gold or silver, especially silver coins with face values on it….THEN Please Report Back Here and let Us all know how swell that experiment works out ok.
I will say now that I’d bet Most places you normally shop at are never going to offer you the silver value of said dime or quarters…Face value is ALL they will allow on paymnt…Yeah a small few who also collect silver or gold may go for it at actual silver value…but Most sure wont.
I say this is a GREAT experiment in testing out Preps prior to SHTF happens for real! Please post results for me and others who probobly agree. Best to find out Now compared to Real SHTF events eh…Then you’d be heartbroken if ten cents is all they allow. And guys like celente will be Long gone by then!
That’s why I only buy gold and silver in combo bars, so I don’t get caught in that trap.
Over the last 28 years, gold has only traded at a higher price than platinum 7% of the time (see Brett Eversole, http://www.dailywealth.com/2986/platinum-or-gold-here-s-where-to-put-your-money-today ) Throughout history, some 1,411,475 tons of silver have been mined and only 161,000 tons of gold have been mined in total (enough to fill two Olympic swimming pools). All the platinum ever mined could fit in your living room.
Worse, most platinum comes from South African, Zimbabwe (communist basket cases, with the RSA facing a massive AIDS crisis), and Russia (who, like China with gold production, could decide to keep it for themselves.)
Whatever you do, do NOT, NOT, NOT buy **paper** gold, silver, platinum, like the ETFs SLV and GLD. If you don’t take possession (most people are today), look at the Central Fund of Canada which has physical, Sprott’s funds which take possession, or Goldmoney.com, which will allocate in your name. There are others, but those are the ones I know of. Mining funds are NOT the same thing – don’t confuse the two.
Right now, buying a platinum coin is around $200 bucks over spot. This is interesting. So… the PAPER price is around $1084 (use kitco.com to get prices), but you’ll spend almost $200 more to actually get your hands on one. Why? Because the stuff isn’t physically available (neither is gold) so they have to charge a premium.
Even allocation can be suspect. I have a family member that had a gold IRA, and knew exactly what coins were segregated in his name. When he cashed in at retirement, they gave him DIFFERENT coins – they had different dates on them! So, this whole loaning out scam continues apace. Don’t be caught standing when the musical chairs music stops! The leftist cronies will of course all be in possession and covered (ever wonder why Obama crony Jon Corzine didn’t go to jail for “losing” that $1.6 bn dollars???), but us poor unwashed masses will be left holding the bag.
Can afford platinum or gold? Try “junk” (pre-1965) silver. Price has also been forced down by the shorts (think JP Morgan), and interestingly, VERY roughly a couple silver quarters that would buy a gallon of gas four decades ago will STILL buy a gallon of gas
The fact is, unless we have 10% growth (google the ‘rule of 72’, which is how long it takes to halve your debt – e.g., divide 72/10 for 10% inflation, and it would take ~ 7 yrs to halve your debt), our debt is unsustainable. There are thus three – and ONLY three things – that can be done: print money, cut services, or increase taxes (or some combo, tho probably with a bias towards one). Yet right now we have disinflation. They can’t raise official taxes or people will vote them out… tho of course, ObunglerUnCare is a tax (hey leftists… enjoying your 40% rise in Obamacare premiums yet???), and they will raise a zillion other hidden taxes (e.g, red light cameras); socialize healthcare and other govt svcs will continue to be eroded (not that they were worthwhile to begin with), but I think, like a tsunami, the water will first go out (deflation) then come racing back in (mass, not hyper, inflation – eg. maybe 10%/yr. John Williams at ShadowStats says we already have that, though I’m not sure I agree.
Jim Rickards, who is highly placed, thinks there could be one of four outcomes: a.) societal chaos; b.) some kind of kumbayah agreement, where everyone decides to devalue in harmony; c.) return to some form of gold standard; or, c.) most likely, turning to SDRs – meaning inflation for the USD.
Interestingly, the brilliant Kyle Bass, the hedge fund manager, took possession of $20 mm worth of nickels. Reason? If there’s deflation, he still has $20 mm. If inflation, though you can’t melt them down legally, the premium for the metal will probably still go way up.
In sum, get some precious metals as a chaos hedge. Maybe the can will get kicked down the road successfully for a few more years. Maybe AU and AG (and platinum, palladium, aka PGMs) will stay flat. But it’s still worthwhile to have an exposure, just like you don’t want to buy auto or fire insurance after an accident or house fire.
Fractional reserve banking is the basis of banking, makes no difference whether the denomination is dollars or yen or gold.
Like cash, they don’t actually have as much gold on hand as has been “deposited” since it is loaned out to those who resell it to have it “deposited” again.
Take possession of whatever you buy, unless you are buying metals in metric tons or something there are all kinds of ways to store it securely against theft or disaster at home. (and keep in mind that absolutely no one needs to know you have it except yourself, not even relatives, same as with emergency firearms and such)
When gold was 20/oz, bread was a dime. (200:1)
Bread is now 2 bucks/loaf (3 if you get the better stuff), and gold is 1200.
(400-600:1)(gold probably over valued using bread as a comparison)
Gold goes to 20,000 (or whatever), bread goes to 35/loaf.
(571:1)
You haven’t made anything with gold, but you are ahead of those that ONLY have paper dollars.
Every time I heard gold/silver is gonna do this or that, I always wonder “Yeah….but what is gas, bread, hamburger, etc gonna do ? ”
What we’re watching is the slow motion crash of the paper dollar.
Andy,as mentioned before tis the point,the gold inflation hedge a bit.As I said,day sell/time right can get a lot of goods short money on a upswing,as before,have essentials covered first!
An average Roman soldier was paid one denarius for each day of service. Each denarius was 1/10th of an ounce silver. Would E-3’s in the 2015 US armed forces work for $1.60 per day? Current E-3’s earn $68 per day average pay, silver ought to be $680.00 ounce, and that excludes COLA, food, uniform, travel, shelter allowances, education and medical. Factor those in and silver exceeds $1,000 per ounce.
Gotta figure that the Roman soldiers pay also included room and board as well as the right of plunder when he was victorious over an enemy.
They also actually had a retirement plan, but not paid in money. They were granted productive land to retire on after their full service (kept them out of the cities and away from Rome that way).
FWIW, whatever happened to that right of plunder over a defeated enemy? Seems like now we defeat him then give him everything we’ve got instead of taking what he has for ourselves.
Gold huh…. let’s see your country is bringing in the UN and take the people to fema camps but your gonna have gold, someone said real freedom…. lol really… when most americans have no food or water but they have guns and ammo your gonna go a trading are you? “Let me pass” you say, “I have gold to trade”…… or you say: as soon as the killing lightens up Im gonna take my goods down to that place thats also shooting so they must have goods to trade…. Yes they say we want all you have….. where are you gonna walk (fun moving target) or ride (more fun moving target)who you gonna trust who has guns? And if it is shtf who wants gold? Food or water or gold which do you want? If you say gold do these that have food want gold? Why? If it is shtf do you want 2 years of food or 5 million in gold? You gonna avoid the fema patrol too?
This is for the whole world, they gave up their gun’s already and those damn americans holding up things.
were not going back to old times people and gonna live with like minded people and rebuild…
The goal is grave or slave not the 1800’s
Your gonna hunt during shtf are you? Ring the dinner bell with every shot I see…well hear, gonna follow you back to your stocked up secret camp and make it mine…. very few people are gonna be able to hunt and not have someone come to see whats up. Alot more thiefs than hunters I think.
Fishing are you? Alot of people are..just waiting in the shadows to see someone fishing so I can follow them back to their secret camp……might have to shoot a few other thief’s to “do the deed”.
Gonna solar cook are you? Will your life be on the line everytime you use it? If anyone sees it they will shoot it if they cant have it…. some people have the place for it with sun many wont, not safely..
Im afraid if you dont already have it your more than likely out of luck… if you trade with anyone you know they want your stuff…. you dont have to just worry about the unprepared people but those who have but want more and use their preps to prey on others….
Amen
One more… better have plans for fiddo to take a dump without getting shot at…. no body wants their dog shot and or hit and not being able to get to it and help it…
Truth,one can(I do)hunt with a bow and at that point could also hunt with crossbow.Unless really in middle of no where most will cross lines with others,how it plays out will be different every time.
$20,000/ounce gold would be for an Armageddon type scenario. One economist said even $5,000/ounce gold would be a Mad Max scenario.
Blah Blah Blah, same old story, same old song and dance.
The entire system is rigged, and will never be allowed to function as is was meant to be, NEVER!
Gold, Silver, Eggs, Butter, Orange Juice, Pork, Beef, and any other commodity you can think of are just that….commodities.
One is only worth what one will pay for it, period!
We live with a corrupted, diseased, rotten, cancerous, and down right filthy system, controlled by corrupted, diseased, cancerous, rotten, and filthy men who will die and murder their own family members before they allow that system to function in anyone’s favor but their own.
Remember on September 10th, 2001 when Rumsfeld said they lost over $2,000,000,000,000 and promised to look for it. We know what happened the next day. It will happen again. They will authorize an audit of the Federal Reserve and Fort Knox or whatever to quell the detractors the day before or the weekend before everything falls apart. So when it is announced, just know we will have 24 to 72 hours to get to the bunker. Have a plan.
Being MGTOW..
Preppeded up, plenty of milf pussy who need to feed the kids when it all collpses.