Archive for the ‘Financial Survival’ Category

Peter Schiff appeared on Fox Business January 17, 2012 arguing that U.S. debt is out of control, and the situation in the U.S. is much worse than Europe.

Peter Schiff was one of the few economists who warned us in 2008 the crisis was coming.   Of course the controlled media ignored his warning, Schiff was scoffed at as far back as 2006. It seems that his new warnings of a greater collapse are also being ignored.  Folks like I have said it’s time not to be fearful but prepare for the worse.  The US is heading towards economic collapse, there is no one in power who is doing anything to fix our problems.

 

In this clip David Morgan discusses how silver is a monetary metal.  David expects silver to move much higher however you will need to expect volatility. 

The story of silver has not changed.  This year should be a very good year on a percentage basis.  We will likely see resistance around $35.  If we break through $35 we have little resistance to $40.  I personally would not mind if we saw another short-term sell off down to around $31.50, so I can convert my dollars into more silver.  I would not recommend waiting, if it’s your time to buy this month then buy.

Gerald Celente is considered one of the top trend forecasters in the world.  If he is correct about 2012 is going to be wild.  It’s not the end of the world but things will happen, changing the course of man kind for better or worse.  We are living in historic times. Here are a few predictions.

1. Bigger crack down of the police state.  Who cannot tell we are a living in a police state.  Peaceful protestors are getting beat or sprayed with mace all over the country.

 Cities like Oakland will not respond to over 40 different crimes, yet they use force when breaking up peaceful protestors. Whether you agree or not with Occupy Wallstreet or not, we must protect their right to protest.  It sets the precedent for other future protests.

 The prisons are filled. Prison systems are rackets.  The same banks that fund everything fund prisons, ie. Goldman Sachs, JP Morgan, etc.  Many corporations use prison labor at $.25 an hour, driving down American wages.  

Celente had this to say about military training in civilian areas of Los Angeles.  What do they know? :  “Wasn’t it on New Year’s Eve, when you were trying to celebrate, that Obama signed into law the National Defense Authorization Act?  So when I say fascists, it’s right there in front of you.  It’s the ‘No Bill of Rights.’  

 They could take anybody out there that disagrees with the government, call them a ‘belligerent of the state’ and the military could come and take them away with no charges.  No judge, no jury, no trial and Jack you’re dead.  I’m saying, Eric, I believe they are instituting Battlefield America in this country and others as the system collapses.

 (We’ve been talking about) Economic Martial Law and now you have the military in control, to make sure it doesn’t get out of control.  Think about what would happen with a bank holiday.  The systems are in place to keep the people in place.  So I believe they are putting in Martial Law to support Economic Martial Law.

 With the National Defense Authorization Act they repealed the 1878 the Posse Comitatus Act, which used to prevent the military from taking over police duties.  This is against the Constitution in every manner possible.”

 2. Economic Marshall Law and bank holidays. This means a no access to your money.

3. Corporations will buy gold.  Corporations will begin buying physical to diversify from the dollar. The University of Texas bought $1B about four months ago.  When asked if corporations like GE will buy,  “I believe so.  I believe a lot of people are going to move into gold.  It’s going to go mainstream and it’s going to continue to go mainstream as you see more bank runs and riots….

4. More Civil Unrest – Celente’s quote, “When people lose everything, the lose it.”  We will see civil unrest in the US.  This is a planned depression and all the good jobs are shipped off shore.  We are a serviced based economy, productive manufacturing jobs are shipped off shore.  Our currency is heading towards collapse, just like every other global fiat currency backed by nothing. 

You can thank the Federal Reserve when it happens.

full interview here

This should be required viewing for all Americans. Freedom to Fascism is incredibly powerful, if all Americans knew and understood this information we would not be in this mess.  Watch this for your own knowledge.  Knowledge is power. 

There are two specific developments pushing gold higher.

1. Iran is now in discussion with India to accept gold for oil and rumors are swirling that China may follow.

2. The Federal Reserve has announced they will keep not raise the Fed Fund Rate incredibly low until at least 2014

Let’s break down these developments.  The Iran issue proves that gold is money.  With the world going back to recognizing gold as money it will cause countries and eventually corporations to stock up on their gold holdings.  This development will likely guarantee we are going to war with Iran.  If you look at the track record of the United States, this hi jacked country gets very aggressive with countries who use any form of currency other than US dollars. 

Gadaffi for example was in the process of pushing one currency for Africa, specifically the gold dinar which would have all but destroyed the US dollar, over a relatively short period of time.  That was likely the main reason for taking out Gadaffi, keep in mind the first thing that was created after taking out Gadaffi was a Central Bank.

Now let’s look at the Federal Reserve.  What can you say about this corrupt for profit institution.  Obviously their only concern are their banking share holders.  The action on the Federal Reserve shows they will continue to wage war on savers until at least 2014.  This means more people will be forced out of dollars due to inflation and into riskier assets.  This is a game changer and likely the catalyst that will start the second leg of the gold and silver bull market, remember the first leg lasted about 11 years. 

Although gold and silver will still be volatile, the actions of the Federal Reserve is causing  the very thing they are trying to avoid.  The Federal Reserve is creating a new global gold standard by their irresponsible actions.  Holders of US dollars will pay greatly. Dollar holders get ready to assume your position.

SCHIFFOGRAPHY

Posted: January 20, 2012 in Current Events, Financial Survival

Here is Peter Schiff, who has predicted this financial disaster for many years.