Through sheer fatigue, they have people conditioned to think they can muddle through this. They can’t. Below are some of the canaries in the coal mine. Things indicating the devaluation is coming. They fall into two categories, indications of systemic collapse, and indications of TPTB preparing for the collapse. The biggest indicator, of course, is gold and silver price action and efforts to suppress those prices.
Canaries in the Coal Mine:
- Looting of federal pension funds to make ends meet
- The Food Safety Modernization Act (Jan. 2011) gave the FDA and Homeland Security complete control over all food production, handling, and distribution, even your backyard garden.
- China is involved in panicked buying.
- Open bickering about backing sovereign bailouts with gold reserves undermines the “gold is just tradition” game. Until recently, it was unthinkable to undermine the party line so openly.
- Frequent rules changes, such as mark to market, which of course, mask the fact that there are no rules when governments are desperate.
- Previously reluctant ratings agency trying to salvage their reputations because they know what’s coming.
- Punishing ratings agencies and their execs for downgrading AAA ratings.
- ECB and Fed reaching 75% gold reserves on the asset side of their balance sheets
- Countries like Venezuela repatriating their gold
- Bank runs in the EU and at BoA, but no media coverage
- Open protests regarding economic conditions all over the world
- Intervention in former safehaven currencies like the Swiss
- Zero interest rates forever
- Political leaders, finance ministers, and bankers retire to spend more time with their families, others allegedly attack maids who later turn out to be prostitutes.
- Forceably replacing elected officials with bankers called “technocrats.”
- Markets driven by rumors spread by political leaders who have run out of options.
- Gold spikes down result in gold vendor sites experiencing technical difficulaties
- Premiums on physical gold and silver rise.
- China’s economy hits a brick wall
- Defaults are not defaults, just a voluntary 50% haircut
- Hypothecation saves the COMEX, thereby robbing clients and ruining the Comex.
- Banks putting caps on how much money you can withdraw. (France, BoA)
- Libyan oil trade in gold precipitates an invasion, and their gold disappears.
- China agrees with Russia and Japan to do business without the US dollar
- Elevation of the National Guard Bureau Chief to the Joint Chiefs of Staff
- Indefinite detention of American Citizens without trial is quietly legalized.
- SOPA to shut down troublemaker web sites
- The emergency broadcast system is beefed up so it can be used to shut down access to information.
- War drums with Iran and Syria.
- The Chief Economist of the IMF gives a year end speech basically saying everything has to go perfectly for 20 years or it’s all over, which he says is unthinkable. He never mentions devaluation, not once.
- Economic numbers will become more unbelieveable near the end, because there’s no costs to lying near the end.
- Smiddywesson
