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JIM SINCLAIR: GET OUT OF THE SYSTEM NOW! SIGNIFICANT DEPOSITS & RETIREMENT ACCOUNTS ARE IN BANKSTERS’ CROSS-HAIRS! Legendary gold trader Jim Sinclair has turned his sights from warning investors to protect themselves with gold to urgently warning them to exit the financial system immediately, and take possession of physical gold held in your own possession. Sinclair, who Friday warned investors that the US will be Cyprus’d and gold will reach $50,000/oz sent an [...] 10 investing rules for the coming bond crash By Paul B. Farrell, MarketWatch
“The best piece of advice I could give long-term investors today is don’t own bonds. And if you do own them, you probably ought to move out of them,” warns Charles Ellis, acclaimed author of the classic “Winning the Loser’s Game: Timeless Strategies for Successful Investing.” Get it? Do not own bonds. Sell. Move out now. Sound familiar? [...] I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life. Our government has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans. Today, the federal government has to borrow 46 cents of every dollar they spend…spending that stands at [...] Predators feed on the small and weak … first. http://www.bbc.co.uk/news/world-europe-21814325 I preaching to the choir hear but just in case someone didn’t get the memo … This is why you don’t want all of your wealth in the banking system and Wall Street. Some emergency cash out of a bank or safe deposit box is a good idea. Hard assets and tangibles are also wise. There’s a saying, “If you don’t hold it, you don’t [...] Mac Slavo
Over the last few years political and financial leaders in Europe and the United States have implemented policies, regulations and bailouts costing global taxpayers trillions of dollars with the promise that these measures would lead to economic growth and recovery. What happened in Europe today is yet further proof that nothing they’ve done has fixed the underlying fundamental issues surrounding the events that led to the crash of [...] JIM SINCLAIR: COLLAPSE IN WALMART SALES REVEALS US RECOVERY IS DEAD Jim Sinclair sent an email alert to subscribers Saturday, and stated that the recent decline in sales at Walmart exposes the fact that contrary to MSM MOPE, the US economy has flat-lined and expired.
”Great Rotation”, Over …as Reuters notes, it was all into international funds as domestic funds saw outflows and domestic bond funds once again saw inflows. As Goldman Sachs’ funds flow and [...] from Fox Business, via Eduardo89rp: Peter Schiff: The Real Fiscal Cliff Is Dollar Crisis! Buy Gold! Buy Silver! Own Real Things!!!
Obama Admin Looks To Control Americans’ $19.4 Trillion In Retirement Accounts Remember that old phrase, “I’m from the government, and I’m here to help”? Well, it looks like we are hearing it again, at least on the issue of keeping Americans’ retirement funds safe. The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a [...] By Paul B. Farrell, MarketWatch Drive-time radio. Ominous voice: “Critical Warning No. 6” again, “Something bigger than the credit crisis of 2008 is headed our way. For most people, it will hit them like a brick wall. It will touch Americans harder and deeper than anything else we’ve seen since the Great Depression.” But wait. The New York Times tells a different story: “Americans seem to be falling in [...] libertyblitzkrieg.com This trend has been in place since the financial crisis, but the fact that it is accelerating is extremely disconcerting. First off, this is not the kind of behavior that should be witnessed in an “economic recovery.” Second, we need to remember the huge percentage of Americans on food stamps and/or disability. As I have discussed previously, many of them also have jobs. So essentially, a wage anda check [...] The legendary Jim Sinclair sent an email alert to subscribers this afternoon warning that the US government will soon liquidate private 401k and IRA retirement accounts and force private retirement assets into treasury paper as no major buyers of treasury paper remain outside of the Federal Reserve. Sinclair correctly notes that the practice has already occurred recently in several Western nations, and that investors can expect the same to occur in the US as [...] By Daniel R. Amerman, CFA Overview The United States government has five interrelated motivations for destroying the value of the dollar: 1. Creating money out of thin air on a massive basis is all that stands between the current state of hidden depression, and overt depression with unemployment levels in excess of those seen in the US Great Depression of the 1930s. 2. It is the most effective way to meet not just current [...] by Jim Sinclair
My Dear Extended Family, How anyone can put any money in a securities/commodities clearinghouse is beyond me. You risk your financial life to win trading then end up with practically nothing whatsoever. The system is totally broken. Governments are busted. The securities insurance programs are wildly over extended by the fact that their capitalization cannot guarantee what they are supposed to be guaranteeing QE invents money out of thin air, and because [...] by Phoenix Capital Research
A lot has been said about the European Crisis. I’m going to explain it all in simple terms.
In simple terms, today we are facing a Crisis that is far, far worse than 2008. Before it ends, it is quite possible that we will see the entire Western Financial System collapse and a new system put into place.
This will mean:
Many major banks disappearing, as well as numerous potentially lengthy [...] By Farid A. Khavari
The most important step towards jumpstarting and stimulating our economy is unquestionably to stabilize the housing market. Of course the housing market will benefit from my economic plan and create tens of thousands of new private sector jobs, which will allow people to afford their homes. This will happen when the homeowners also get the opportunity to install decentralized solar energy systems, which will lower their energy [...] JPMorgan’s $2 billion bungled trade has severely damaged the reputation of its CEO Jamie Dimon and vaporized nearly $20 billion in shareholder value. But will it lead to the kind of enhanced Wall Street regulation many experts have called for since the financial crisis? Pro-reform forces are already seizing the debacle as proof that even stronger reforms are needed. On Tuesday, top regulators crafting the Volcker Rule, which is supposed to prevent Wall Street banks from [...] This one is actually quite funny, although we feel that the MMTers, the Neo-Keynesians, the Econ 101 textbook fanatics, and the government apparatchiks out there will fail to appreciate the humor… From the Washington Post: Fix income inequality with $10 million loans for everyone! By Sheila Bair, Published: April 13 Are you concerned about growing income inequality in America? Are you resentful of all that wealth concentrated in the 1 percent? I’ve got the perfect [...] by Libby Kane There are a lot of ways that men and women differ, but we bet there’s one you might not guess right off the bat. Retirement. Yes, retirement. According to a January 2012 study by Ameriprise Financial, more men than women have determined how much money they’ll need to retire, have set aside money in their investments for retirement and feel confident that they’ll reach their goals. In fact, a 2010 study found that 92% of [...] By: Dr_Jeff_Lewis The US Mint released its silver sales figures, relaying to investors what was already known—investors want silver, and silver only.?The Mint ran into problems during September, taking more orders for coins than it had available in uncirculated condition. As of October 21, the problem in supplying the market with uncirculated coins has been smoothed out, and the market remains hungry for silver coins of all types, except those closest to [...] by Simon Black of Sovereign Man It’s Another Assault On Retirement Accounts When I was a kid, it was a big deal when the postman came around. He was an important man carrying important documents from far away lands that we could only dream about… and each time he pulled up there was a brief glimmer of anxiety, wondering what unexpected surprise he might be [...] Washington D.C. The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data. The analysis shows the racial and ethnic impact of the [...] I just read this article on Financial Sense from Daniel Amerman. In a nutshell, he argues that future taxes will have to be increased in order to get revenues to pay for our current (and future) debts. He says that the poor have no money and the rich have connections. He sees the middle and upper middle class receiving an unpleasant surprise. Why? They have [...] |
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Gov’t ready to take pensions, 401K’s!!!
Via Michael Krieger of Liberty Blitzkrieg blog,
[ZH: We have discussed this threat over the past several years (must read).] The obvious concept is that when the government runs out of money, or they face a drying up in interest for its debt, they will come for the $19.4 trillion in American’s retirement accounts. It seems that day may be finally drawing near.
I stopped contributing to my 401k back when I worked at [...]