Turk – 2012 to See Much Deeper Banking & Currency Collapse

Posted: January 17, 2012 in Financial Survival, Gold, Precious Metals, Silver, World Events

In this article James Turk discusses two warning signs the financial system is in deep trouble.  James also discusses gold, silver and the currency bubble. 

The real bubble is in global fiat currencies backed by nothing.  People still believe this paper is something of actual value.  When that belief is gone you have hyper inflation and currency collapse.  

Not to say we have hyper inflation tomorrow but we are going to see currencies collapse all over the world including the Almighty Dollar before this is over.   You must pay attention, there many signs.   Here are Turks signs, there are many others.

1. US losses AAA rating- Remember this event and how the media blew off this story like it’s no big deal.  There are consequences to this event.

Quote from Turk: “There are all of these warning signs out there and few people are paying attention.  For example, hardly anyone cares that the US has lost its AAA rating and most dismiss it as a non-event.  But even a cursory look at the US government’s financial position should raise investors concerns that it will not be able to meet all of its obligations.”

2. MF Global – We covered MF Global and the effects this will continue to have. One of the biggest was the loss of trust in the system.

Quote from Turk: Another example is MF Global“Can people really believe the regulators and MF Global management don’t really know what happened to the missing $1.2 billion?  I see all of these things as serious warnings, Eric, confirming two things.  First is the obvious one, that the financial system is in disarray and things are not functioning as they normally should be.  The second point relates to the psychology of the market.  When there is a bubble in the markets, people are either not paying attention or accept as conventional wisdom premises that do not stand up to logic or any kind of rationale analysis.”

Full Article Here

  1. […] more Share this:FacebookStumbleUponDiggRedditEmail Uncategorized ← TF Metals Taking a Licking. Still Ticking. /* */ […]

  2. Dinah Carver says:

    I just signed up to your blogs rss feed. Will you post more on this subject?
    Welcome to my blogger [url=http://registeredinvestmentadvisor.blogspot.com]registered investment advisor[/url].

  3. awesome post… you have mutual same efficient and useful tips… these are vastly of use in support of all newbies… you have through polite job… merit for it…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s