Next Major Crash Is Here – Gold Is The Major Indicator – MAJOR PLAYER ABOUT TO FALL – Cities Can’t Sell Their Muni Bonds – The World Is Suddenly On Brink of Severe Cash Crunch – More Money Printing On The Way?
So, good ol’ Uncle Ben comes out and states that QE is going to be tapered… but later.
All hell breaks loose and PM/Markets get hammered. Bond market jumps… causing BILLIONS in losses immediately and debt servicing costs to jump.
Why you ask?
There are sellers EVERYWHERE trying to raise CASH. This is a liquidation.
You now see Hedge funds short on PM and the COMMERCIALS on the LONG side. Central Banks are ADDING gold….
So what is going on?
The Central Banks came to the conclusion that no matter how much money they printed to re-inflate that it was IMPOSSIBLE. They would create such a large bubble that it would end in total destruction. A no win. It didn’t work and the public opinion is VERY negative. They very much fear now what would happen if people finally have “had enough”. Better find a new way.
So they have decided to let deflation kick in and try to manage it on the way down… currencies and govts are still toast to a certain degree and explains (in the US) for all the preparation for civil disorder, which they know is guaranteed. Those eat for free EBT cards will be one of the first to go.
New hard backed currency is on the way and it will be the PMs they are buying with the soon to be used for toilet paper currencies for cheaper and cheaper by the day.
By the time the music stops playing and everyone realizes what happened you will see all the CBs with the gold and a new currency born (or currencies)… back by gold.
Anyone that does not have hard assets — and I don’t care what type (land, property, metals, etc) is going to be totally wiped out ….
and it is all coming very soon.
What is going on now with gold remind you or a semi-recent event?
We are weeks if not days away. I think we might see this go down VERY close to if not on July 4.
Something VERY BIG is about to collapse… and if you want to know what look to NY. Another lamb is being loaded with junk and being brought to the slaughter house.
This time the slaughter is going to have many other unintended victims. The fall shall begin…
Good luck everyone — some of have seen this coming for years and prepared, I hope you are among the group of wisdom.
Global Chaos Signals World Currency System Will Be Recast
As the two-year cyclical bearish phase in the gold and silver markets is coming to an end, today John Embry told King World News increased global chaos now signals “the entire world currency system” will be recast. Embry also spoke with KWN about how Western propaganda is being used to paint a false picture about the harsh reality of what is really taking place around the world. Below is what Embry had to say in this powerful interview.
Why We Won’t See the End of QE for a Very Long Time
Collapse Is Happening, Cities Can’t Sell Their Muni Bonds.
With yields on the U.S. municipal bond market rising, local issuers on Monday postponed another six bond sales, totaling $331 million, that were originally scheduled to price later this week.
Since mid-June, on the prospect that the Federal Reserve could change course on its easy monetary policy as the economy improves, the municipal bond market has seen a total of $2.6 billion in sales either canceled or delayed.
PBOC move deepens China cash crunch
Chinese Banks Stop Lending Due To Liquidity Freeze
Italy Faces Huge Losses on Derivatives Restructured in Eurozone Crisis
The Bottom Completely Falls Out Of Gold
If You Thought Gold Had A Bad Night, Check Out Silver
Even worse crash.
The Damage Bernanke Has Done To Every Major Asset Class Since May 22
DHS Insider – Watch The Metals, When They Dip Things Are About To Happen – The Next Economic Shock Was Coming And The Metals Would Be Taken Down In Advance Of That Event. Are We Getting Close?
Rollover 1981… world economic collapse