The legendary Jim Sinclair has sent an email alert to subscribers comparing this week’s terrible situation along the east coast in the wake of Sandy to the coming collapse of the US dollar. Sinclair states that Ben Bernanke is the only person in US financial management that understands the current situation, and that QE? is the only thing delaying a complete systemic collapse.
Sinclair states that if Romney is elected and follows through on his threats to fire Bernanke, it would ”be the single greatest error made in US financial management ever”, and would result in gold trading above $3,500/oz and a complete US dollar collapse within 6-9 months!
From Jim Sinclair:
The thesis of MSM is that “Nothing must ever disturb the social order.” Mother Nature can do this in seconds, and an overnight collapse of confidence in the dollar will do it in three days.
Currency induced cost push inflation is what will collapse confidence overnight and cause an explosion in the velocity of money in three days. Study history. It has happened before and will happen again. Although you will not want to hear this, it is true.
Ben Bernanke is the only person in the US financial management that thoroughly understands the mess that has been made, that which I have taught you. His action with QE is the only tool to buy time. QE is the only way the can gets kicked down the road for 3 years, preventing for some time, a total collapse. To fire Bernanke will be the single greatest error made in US financial management ever. We are over the cliff and in a free fall. Anyone speaking austerity and the dollar is unknowingly speaking about the final Western world financial collapse, without any remedy, within 9 months. If they knew, they would keep their mouths shut.
One Reason that the Increasing Inflation is not more obvious to the public is that the Official Statistics are Bogus and not just in the U.S., but in China and other countries as well. The other is that the Velocity of Money is now extraordinarily low. Higher and increasing Monetary Velocities are associated with higher and increasing Inflation.
Only Operation Twist – in which The Fed sells short-dated Treasury securities and “Sterilizes” those funds by using the same funds to buy long-dated ones – is arguably non-inflationary because the proceeds do not circulate in the economy. All the other Fed QE and Related Actions are Price Inflationary. But note well that The Fed has nearly run out of short dated securities to sell. Thus ongoing and all further QE will be Price Inflationary. In sum, the Money Printing will continue bringing Hyperinflation even closer.
Gerald Celente’s Warning To Everyone: Entire Financial House of Cards About To Collapse And A Tidal Wave Entrance Into Gold Will Happen When Central Banks Can’t Paper Over Anymore
Today top trends forecaster Gerald Celente discussed gold at length, as well as other important trends with King World News. Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world. Celente predicted, “a tidal wave entrance into gold,” because “the entire financial system is in collapse.” But first, here is what Celente had to say about what is happening around the world: “The highlight for the moment is on Greece, but let’s remember that Greece only counts for 2% of the eurozone GDP. It’s more about publicity. How will it look if they leave? Also, everybody knew that the $125 billion (for Spain) was a drop in the bucket compared to the trillions of dollars of debt.”
Gerald Celente continues:
“What’s going to happen with the Italians with their bond yields skyrocketing? So with each day it’s a new catastrophe. With each new catastrophe you hear the same lines from the central bankers and the politicians, ‘We have to fix this one. If we don’t fix this one, the whole world will go up in smoke.’ So this is really serious.
We’re days out from a Presidential election whose outcome will determine the future of the United States – or will it?
According to Charlie McGrath of Wide Awake News, it’s too late to change the disastrous path we’re on, and it makes no difference at this point whether President Obama remains in the Oval Office or Mitt Romney takes the helm.
Video (below) via SGT Report:
We are surrounded by a nation of people that cannot and will not step out of their perceived reality. They have a normalcy bias and they’re hanging on to it to the bitter end.
We can have a government, we can have a mainstream media that warns for a week, non-stop 24/7, “we’re going to have the worst storm in the history of the planet hit the east coast and affect 60 million people,” and we still have people in the largest city in the United States of America fighting for gasoline, pulling guns on one another, punching each other in the face over gasoline, diving into dumpsters for food, fighting for food… In the United States, in 2012, after a week-long warning that this monster storm was coming.
Can you, for one second, imagine what is coming to the shores of this nation when we have a sovereign debt landmine explode, a credit freeze, and you have people from coast to coast who go to an ATM machine and it just doesn’t work?
Or we fall 5000, 6000 points in a week on the Dow and everything they have, everything they think that’s safe, because they have a politician telling them so and a Federal Reserve chairman telling them ‘everything’s going to be just fine,’ is wiped out in this disaster.
Can you imagine a Sandy, a Katrina, coast-to-coast? A 2008, far far deeper, far far worse, coast-to-coast… what this nation is going to look like?
I commend the people who had the forethought to think about where we’re at and where we’re going.
Understand that the best thing you can do now is to prepare for what’s coming.
There is no recovery coming. It is mathematically impossible to pay the debt that we have.
The trillion dollar deficit spending isn’t going anywhere… even with Mitt Romney, even with the savior from the Blue team, even with Ben Bernanke and his notions and big ideas to rescue the economy by printing more money and giving it to his bankster buddies.
The deficits are going to continue. The pain is going to continue. the trigger is going to be tripped and we’re all going to go down the road together. We’re all going to go off this cliff together, regardless of who’s in this office.
Forget about this election. I know that’s a hard thing to hear. It’s meaningless to you, because nothing is going to change.
You can rest assured of this: We are heading for collapse. You have very little time to get mentally prepared, and then get physically prepared for it.