Gold To Rise 500% From Current Levels: Inflation Is Guaranteed. Your Financial Survival Is Not. Anyone Who Does Not Own Physical Gold Is Committing Financial Suicide.


from KWN:

Today acclaimed trader Dan Norcini told King World News the Fed is about to commit to more than $1 trillion of QE for 2013.  Norcini stated that because of this, “Anyone who does not own physical gold is committing financial suicide.”  Here is what the acclaimed trader had to say about this stunning situation and what it will mean for the gold market:  “One of the things that may have been overlooked by a lot of people, but it certainly wasn’t overlooked by some of us in the trade, was a report that was published by Goldman Sachs dealing with the Federal Reserve and its upcoming policy meeting.”

Dan Norcini continues:

 

“Goldman Sachs expects, next month, for the Fed to come out of their policy meeting announcing QE4.  It will be a purchase of $45 billion each month in Treasuries.  This number will be in addition to the already existing QE3, which is $40 billion per month in mortgage-backed security debt.

Billionaire Eric Sprott – Gold To Rise 500% From Current Levels
from KWN:

Today billionaire Eric Sprott warned King World News, “There is no doubt that central planners are trying to avoid a financial collapse here.”  This is the first in a series of interviews with Sprott that will be released today which reveals what is going on behind the scenes with the increasingly desperate Western central planners and their gold and silver price suppression scheme.

 

Here is what Sprott, who is Chairman of Sprott Asset Management, had to say:  “There’s been some discussion on the web of various dealers having difficulty fulfilling orders.  I’ve confirmed through my channels that there has been a very big increase in demand in the last six to eight weeks.”

 

JIM WILLIE: IMMUTABLE GOLD LAWS

from Jim Willie,  GoldenJackass.com:

-the Gold Standard will return out of the force of value and valid solution
-the Zero Percent Interest Rate Policy assures the continued Gold Bull Market
-the continued Quantitative Easing assures the shrinking profit margins, job cuts, reduced business
-the ZIRP & QE assure eventual USGovt debt default and systemic failure
-criminal activity is rising to keep the fiat paper currency system in place
-with the rise in official govt gold accounts demanded for repatriation,
- THE ALLOCATED GOLD ACCOUNT SCANDAL is growing near
-the movement of large Gold volume from London to East brings with it a grand shift in geopolitical power
-the advent of Gold Wars comes after sovereign bond busts, allocated gold account demands
-a Wild Card comes with the imminent death of King Abdullah, as the House of Saud will fall
-with it goes the Petro-Dollar, a crippling blow to the USDollar itself
-the Gold Price will break out in all major currencies, having been led by the EuroGold price

 

JAMES TURK: CENTRAL BANK GOLDEN CLIFF IMMINENT?

from silverdoctors:

GoldMoney has released an interview with Chairman  James Turk about his claim that central banks are holding less in their physical gold reserves than many assume.   Turk explains the problem that central banks report gold and gold receivables as one line item on their balance sheets. This allows them to lease out physical gold in return for paper claims — posing the question of just how much physical gold is left.

He also discusses the Gold Money Index and the gold-based Fear Index. Both show that gold remains undervalued compared with historical normsHe also talks about how close we are to a “Golden Cliff”, where the western central banks stop lending out their gold, and what the systemic repercussions of this are likely to be.

Full interview below:

 

 

Is This A Coincidence? Obama Calls For Additional $1 TRILLION Student Loan Bailout For His Bankster Buddies While Pelosi Said Congress Give Obama Power To Personally Lift Debt Limit To Infinity!

A possible $1 trillion bailout is coming—and soon.

America’s now-nationalized student loan industry just reached a value of $1 trillion, according to Citigroup, growing at a 20 percent-per-year pace. Since President Obama nationalized the industry (a tacked-on provision of the Obamacare bill), tuition has gone up 25 percent and the three-year default rate is at a record 13.4 percent.

Adding another $1 trillion dollars to the national debt isn’t exactly “forgiveness” for young people—it’s prolonging the payoff. In fact, student loan bailouts are a catch-22 for young people because they’re going to be held accountable for paying off the national debt and interest payments.

A student loan bailout will also be rewarding higher education bureaucrats for a diminished product. A college degree used to mean that a person would add on average $1 million to their income over their lifetime. Today a college degree only guarantees an average $300,000 in added income over a lifetime.

http://www.breitbart.com/Big-Government/2012/11/29/1-Trillion-Dollar-Bailout-The-Student-Loan-Catch-22

Is this a coincidence?

Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity

http://cnsnews.com/news/article/pelosi-give-obama-power-personally-lift-debt-limit-infinity

You KNEW this was coming after hearing the student loan default rate went parabolic.

The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic

http://www.zerohedge.com/news/2012-11-27/scariest-chart-quarter-student-debt-bubble-officially-pops-90-day-delinquency-rate-g

With 11% delinquency rates, the student loan bubble is about to pop.  Kudlow is deeply suspicious taxpayers will be covering the check.

http://dailybail.com/home/just-say-no-to-student-loan-bailouts.html

 

Jason Burak – Inflation Is Guaranteed. Your Financial Survival Is Not

from FinancialSurvivalNetwork.com:

Jason Burack of Wall Street For Main Street joined us today. He’s convinced that oil is a great play for the future. Current and expanded production costs are too high for long term price declines to occur. Add to this picture the inevitable increase in consumer prices that will be triggered by a money supply that is out more and more out of control, and the only question is whether we get hyper-inflation. Nothing positive is being done to insure the country’s solvency and eventually this is going to catch up with us all. Gold, silver and resources are where the wealth of the future will be held.

 

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