- Source
Thursday, March 9, 2017
Tucker Carlson Destroys Anti White "Trans Racial" Jorge Ramos - "Your Whiter Than I Am!"
Wednesday, March 8, 2017
February US Jobs Reports Blows Away the Markets Expectations, Confidence Surges
So what does this mean? For years we have seen job reports such as these coming in, only to be disheartened by the fact that the jobs added were nothing to be celebrated at all, as it is was low quality jobs replacing high paying, skilled jobs.
This report is a complete reversal of that hollowing out trend. What is most remarkable about this massive surge in job creation, is the fact that it includes a large quantity of high quality, skilled jobs from the manufacturing, construction and mining sectors. NOT just low paying service jobs, as we have seen in the past.
Presidents Trumps pledge to rebuild America's crumbling infrastructure is being accredited as the predominant reason for this increase in hiring, as companies are experiencing new highs in confidence levels, and feel positive about the economy going forward. This is something that we have not seen since the beginning of the 2008 economic crisis.
What is even more heartening is the trend that is now being formed in confidence. As this record number, comes after a huge increase in January, which saw 261,000 jobs added, a massive number by itself.
Even more positive , is the fact that job creation is evenly distributed across the board, with small to large business adding almost equal numbers. Proving that this is a market wide phenomenon and not simply a one off for a specific sector.
Whether or not this trend will continue, and whether or not the markets will be able to overlook the extreme uncertainty that is being spun by the MSM and the President's opponents is yet to be seen. But for now, for the first time in a very long time, the trend is good.
Sunday, March 5, 2017
Silver Once Again Gets Tossed in the Meat Grinder, Billions of Dollars Wiped Out
Just take a look at the above chart. I agree, it is a disgusting, nasty image and one that represents a wiping out of roughly $2 billion dollars of value in the silver markets.
What caused it, why did it happen? Many are waking up today scratching their heads and asking themselves these very same questions, as they look at their portfolios and see that their silver holdings have taken a huge hit.
They are valid questions, and for anyone who is a veteran of the bullion markets, then the answer is the same as it always has been. The bullion cartels are the cause and the reasoning is because they can.
This smash and grab has been repeated time and time again, and is used to depress the spirits of the precious metals community and to keep it in "check".
The bullion cartel, who has actively manipulated the price of both gold and silver for decades has once again struck and taken down silver just as it was starting to show in strength, knocking out billions of dollars worth of value.
This massacre, was clearly deliberate, as no other explanation, besides pure stupidity can explain it.
At exactly 11:30 ET, just as the European markets closed, someone unloaded $2 billion notional worth of silver bullion onto the paper markets. Over 23,000 silver futures contracts flooded the market and caused the price to crater, thus causing it to fall even further as algorithms kicked in and reacted to the action.
As previously stated, this had to be a deliberate action, as NO ONE, and I repeat NO ONE who wants to actually make a profit off of their silver bullion contracts that they are selling would intentionally choose a time of lessened liquidity to shed a massive amount of ANY paper bullion, or any position for that matter.
This is just another case of silver being "checked" and "put in its place". The financial elites have manipulated the price of precious metals for decades and this just goes to show how broken the paper markets have truly become.
The fact that billions of dollars can so easily be tossed around, despite the fact that this is a finite rare resource, proves the point that the paper markets are bogus and clearly not based in reality.
As more and more people come to this realization, they will turn to the only other viable option, the real, tangible, physical market. The only true and honest way to invest in precious metals. Until that day, enjoy the ride, ignore the noise and as always, keep stacking.
Thursday, March 2, 2017
Fake News Alert: The Russians Are Coming! The Russians Are Coming?
Here we go once again, the Democratic party is doubling down on their "Russia influenced the US elections" narrative and are taking it to the next level. Grasping at any straw they can in an attempt to justify why they got wiped off the electoral college map in the recent elections.
The next target of choice is Attorney General Jeff Sessions, who the Democrats, aided by another "leak" from within the "deep state", are claiming misled Congress in his recent testimonies and therefore should be forced to resign from his newly appointed position.
Leading the charge is Nancy Pelosi, the leader of the House of Representatives for the Democratic party, and the very same person who called President Trump, President Bush just a few short weeks ago at a press conference, just one of many recent blunders she has had in her confused and befuddled state.
This recent controversy has been sparked off by another illegal leak from someone within the intelligence community, that claims Sessions spoke with a Russian diplomat last year during the campaign cycle. What is alluded here by the fake MSM and the democratic party is that Sessions was working together with Russian intelligence to influence the elections in favor of Donald Trump.
Of course, the leak itself doesn't even start this, and it is completely fake news. Yet, it is a strategy and a tactic that we have recently seen deployed against Mike Flynn and ultimately proved effective, although not for the reasons that they claim.
The drums are now once again beating loudly for the beheading of another Trump ally and the MSM is right there beside the Democratic party, assisting with the rhythm. You can expect a flood of fake news articles on the subject, filled with half-truths and omissions of facts, the go to strategy of the MSM when attempting to push their agenda.
Whether or not they will be ultimately successful is yet to be seen, but lets hope not. This is an unhealthy precedent that they are attempting to set and one that could lead to even further instability in an already incredibly unstable time.
Luckily, the American people are seeing through this garbage, as the newly elected President has seen his approval ratings ticking higher on a weekly basis, as people become fatigued with the infighting and partisanship. While at the same time, the approval rating of the dying, dinosaur MSM continues to experience new historic lows.
Monday, February 27, 2017
Wednesday, February 22, 2017
Project Veritas Sets It's Sights on "Very Fake News" CNN, The Alt Media Strikes Back
Get the popcorn ready. You're about to witness some amazing fireworks, that could possibly change the course of history and send the lying, dying Mainstream Media into retreat, licking their wounds as they attempt to recover from the damage they are about to receive.
Project Veritas, lead by James O'Keefe, and who is most notably known for "stings" on corrupt organizations, has set his targets on the Mainstream Media in 2017 and his first victim has just been announced, CNN.
This comes as no surprise, as CNN has been attacking the Alternative Media ever since Donald Trump surprised so many and won the election. They have attempted to label James O'Keefe and many other prominent Alt Media sources as "fake news", a campaign that has since horribly backfired in their faces.
In fact CNN was just recently upgraded from "fake news", to "very fake news" by President Trump in a recent press conference, where he proceeded to eviscerate the MSM for their smear campaign against him.
O'Keefe has stated that he has "hundreds of hours" of raw footage and voice audio from within CNN, leaked by an employee who is obviously greatly displeased with his employer and the stance that they have taken in the journalist world.
What exactly does O'Keefe have on CNN? Well, to find out the full story, we are simply going to have to wait and see, as they plan on releasing the information in a Wikileaks style format, slow dripping the information out to the public so that this massive amount of information can properly be digested and consumed.
Either way, if the past is any indication of what is to come, then the information is going to be crippling to CNN, as all past leaks released by Project Veritas have blown the subject of their focus out of the water.
So get your popcorn ready, melt the butter, sprinkle a little salt and pepper on top and enjoy the show. History is about to be made.
Tuesday, February 21, 2017
Alan Greenspan is Now a Gold Bug? Say What?
Alan Greenspan, the "Maestro" of fiat money and one of the most prolific fiat money printers that the world has ever seen has entered into this
To those of you who know your history, you will remember the following, wrote by Alan Greenspan in 1966;
"Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government’s promise to pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit."
This common sense statement, which was just a part of Alan Greenspan's larger work titled "Gold and Economic Freedom", would be brought up over and over again during his tenure as the head of the Federal Reserve.
It would be pointed to time and time again, to showcase just how far he had gotten away from common sense and to highlight that once upon a time, Alan Greenspan didn't just believe in money printing to infinity, he actually once believed in reality based economics!
It appears, that either he has once again found "religion", or he was just full of it during his time at the FED and was only pandering to Wall Street, attempting to appease them. Likely for his own profit, as he is once again returning to his past beliefs.
In a recent statement he had to following to say;
“Investment in gold now is insurance. It’s not for short-term gain, but for long-term protection.”
“Today, going back on to the gold standard would be perceived as an act of desperation. But if the gold standardwere in place today, we would not have reached the situation in which we now find ourselves.”
This comes on the heels of a previous statement he made in 2014, in which was dismissed by many at the time, but now proves that he truly does believe in this ideology given his recent doubling down;
"Intrinsic currencies like gold and silver are acceptable without a third party guarantee”
Gold serves a very important place in monetary reserves…
Why did Central Banks put money into an asset which has no rate of return, but cost of storage and insurance and everything else like that; why are they doing that? If you look at the data, with very few exceptions, all of the developed countries have gold reserves. Why?”
So there you have it, Alan Greenspan, one of the biggest money printers of all time has grown a conscience. Sadly for him, it's a little too late for redemption. Perhaps he doesn't want to go down as one of the mostsadistic money printers of all time.
Perhaps he would now like to correct the error of his ways and return back to the sound common sense principles his young self once believed in. For that, we praise him, but this will never erase the reckless actions of his past, of which the true damage is yet to come. The greatest collapse of our modern times.
It would be pointed to time and time again, to showcase just how far he had gotten away from common sense and to highlight that once upon a time, Alan Greenspan didn't just believe in money printing to infinity, he actually once believed in reality based economics!
It appears, that either he has once again found "religion", or he was just full of it during his time at the FED and was only pandering to Wall Street, attempting to appease them. Likely for his own profit, as he is once again returning to his past beliefs.
In a recent statement he had to following to say;
“Investment in gold now is insurance. It’s not for short-term gain, but for long-term protection.”
“Today, going back on to the gold standard would be perceived as an act of desperation. But if the gold standard
This comes on the heels of a previous statement he made in 2014, in which was dismissed by many at the time, but now proves that he truly does believe in this ideology given his recent doubling down;
"Intrinsic currencies like gold and silver are acceptable without a third party guarantee”
Gold serves a very important place in monetary reserves…
Why did Central Banks put money into an asset which has no rate of return, but cost of storage and insurance and everything else like that; why are they doing that? If you look at the data, with very few exceptions, all of the developed countries have gold reserves. Why?”
So there you have it, Alan Greenspan, one of the biggest money printers of all time has grown a conscience. Sadly for him, it's a little too late for redemption. Perhaps he doesn't want to go down as one of the most
Perhaps he would now like to correct the error of his ways and return back to the sound common sense principles his young self once believed in. For that, we praise him, but this will never erase the reckless actions of his past, of which the true damage is yet to come. The greatest collapse of our modern times.
Friday, February 17, 2017
Why The Wall Street Journals Failed Fake News Attack on PewDiePie May Be What Finally Brings Them Down
What in the world is going on? What is happening? 2017, is already shaping up to be a year when the world is turned upside down, spun around and jettisoned into deep space.
PewDiePie simply isn't taking this lying down and is destroying their fake news narrative they are putting out and it is having a monstrous side effect. It is red pilling (waking up) his gargantuan audience. They are seeing through the lies and not buying it.
The real reason why they are attacking him has nothing to do with virtue, which I believe is important, but has everything to do with the power he holds. His influence is far reaching,arguable even more so than ANYONE at the Wall Street Journal. Felix receives tens of millions of views per week, and he is just a dude with a webcam.
You have to note, to the MSM, this is unacceptable and is just another example of how the old "guardians" of the news are dying off and becoming extinct. The new, alternative media is here, and they can't stand it. It cuts into their influence, their control and more importantly their profits.
As a veteran of the precious metals industry, and therefore a seasoned pro in thehate that the MSM emits towards our industry, I say the following. Too bad, so sad, your time has passed.
The mainstream media, the lamestream media, or call them whatever you like is losing their grip on reality. The reason why this is happening, is simply because they are losing their grip on the narrative and they can't stand it.
For those of us in the precious metals industry, we are way ahead of the curve. We have been smeared by the financial media for decades. GATA has been targeted as conspiracy theorist, even though just about everything they have said has been proven true over the course of time, as have many other "theories" by prominent names in the industry has.
The tin foil hats have been taken off, thrown in the dustbin and are never going back on. The mainstream media is losing the culture and information war, and 2017 is the year that it goes into hyperdrive.
Hilariously, they are the ones defeating themselves by and large. They continue to come out with fake news story after fake news story, that is based on TRUE conspiracy theories, that are easily debunked and dismissed by the mass public who simply won't swallow their lies anymore.
Yet, are they backing down? Are they pulling back, reassessing their tactics and saying, wait a minute, this isn't working, more and more people are waking up and changing ranks, less and less people are listening to, and reading us! No.
No, they certainly are not, as seen with the Wall Street Journals recent debacle over PewDiePie, the most famous and followed YouTuber in the world. Now being dubbed #PewDieGate.
On the face, they are targeting him over some crude jokes they took out of context, which I have to agree, likely took things too far and were out of taste. But what you need to understand is the real, true motive behind their actions, which are now blowing up magnificently in their faces, as the YouTube community rallies behind Felix Kjellberg and defends him almost entirely.
For those of us in the precious metals industry, we are way ahead of the curve. We have been smeared by the financial media for decades. GATA has been targeted as conspiracy theorist, even though just about everything they have said has been proven true over the course of time, as have many other "theories" by prominent names in the industry has.
The tin foil hats have been taken off, thrown in the dustbin and are never going back on. The mainstream media is losing the culture and information war, and 2017 is the year that it goes into hyperdrive.
Hilariously, they are the ones defeating themselves by and large. They continue to come out with fake news story after fake news story, that is based on TRUE conspiracy theories, that are easily debunked and dismissed by the mass public who simply won't swallow their lies anymore.
Yet, are they backing down? Are they pulling back, reassessing their tactics and saying, wait a minute, this isn't working, more and more people are waking up and changing ranks, less and less people are listening to, and reading us! No.
No, they certainly are not, as seen with the Wall Street Journals recent debacle over PewDiePie, the most famous and followed YouTuber in the world. Now being dubbed #PewDieGate.
On the face, they are targeting him over some crude jokes they took out of context, which I have to agree, likely took things too far and were out of taste. But what you need to understand is the real, true motive behind their actions, which are now blowing up magnificently in their faces, as the YouTube community rallies behind Felix Kjellberg and defends him almost entirely.
The real reason why they are attacking him has nothing to do with virtue, which I believe is important, but has everything to do with the power he holds. His influence is far reaching,
You have to note, to the MSM, this is unacceptable and is just another example of how the old "guardians" of the news are dying off and becoming extinct. The new, alternative media is here, and they can't stand it. It cuts into their influence, their control and more importantly their profits.
As a veteran of the precious metals industry, and therefore a seasoned pro in the
Thursday, February 16, 2017
Strong Dollar, Weak Dollar, Strong Dollar, Weak...
Janet Yellen concluded another FED meeting on Tuesday, in which she testified in front of congress. Members of the Democratic party attempted to get her to come out and denounce President Trumps policies, but instead kept to her expected "neutral" position and said nothing of the sort.
Minor critiques and cautions were given to the new administration on treading lightly into any major tax reforms or cuts in government spending, but this is nothing unusual, and par for the course, no matter which party is in office.
Janet Yellen went on in her typical fashion that the FED has so strongly adopted in the past of double speak. Making the markets spin around in a constant state of confusion, saying nothing substantial or overly concrete.
Yet, there was one thing that she did say and of which is a major change of course for the FED. Janet Yellen, as I predicted last year that she would, is now advocating for a strong dollar. Yes, you heard that correctly, she has continued on with her hawkish speak and is now intentionally trying to prop up the dollar.
This goes against everything that the FED has done in the past, and it should make you pause and wonder why the FED has suddenly stopped trying to destroy the dollar and found religion.
A segment of the financial community, those of us that would consider ourselves skeptical of the FED's true motives, believe that this is a very intentional change of course and is in fact an attempt to enter the United States into another recession.
Unfortunately, I believe that this is long overdue and a strong dollar is in fact good for the population of the United States, despite what many in the financial community would have you believe.
Yet, their motives and mine are very different in my opinion. I personally believe that this is the prudent steps that need to be taken, for a sustainable long lasting economy. While the FED likely has very different motives for attempting to "crash" the economy.
This hawkish talk obviously caused the dollar to gain in strength, but unfortunately for Janet Yellen, President Trump quickly changed that course.
Likely knowing exactly what the FED was doing, he once again took actions into his own hands and stated that major spending was on route for infrastructure, as well as significant tax cuts.
This of course caused the dollar to falter in strength and reverse the upward momentum that it was experiencing based on the FED's comments.
It looks now as if we are going to have two opposing factions, the FED who attempts to raise rates and jawbone the dollar into a rally, and President Trump who attempts to keep the dollar weak and thus put off the inevitable collapse that is in store for the United States and much of the West.
Strong dollar, weak dollar, strong dollar, weak... the cycle of MOPE continues on.
Tuesday, February 14, 2017
Jeff Berwick - Trump Should Default on US Debt
Jeff Berwick from the Dollar Vigilante joins Silver Doctors to give his take on the first few weeks with Trump as America’s commander and chief.
Trump Has Two Options, Berwick Says: Keep Inflating Or DEFAULT on the Debt. Stay tuned to hear why Berwick thinks defaulting on the debt is the best option Trump has, and how you can prepare for the coming crisis!
Berwick also discusses Bitcoin. Bitcoin is trading near all-time highs. The Chinese are moving into Bitcoin on mass. And China’s government is working to prevent their citizens from trading in Bitcoin.
- Source, Silver Doctors
Thursday, February 9, 2017
Sound the Alarm - Bloombergs "State of the Economy" Survey Reaches Highest Level Since 2007!
The markets are supposed to be a reflection of our state of the economy. If the markets are booming, then politicians point to this as a fact that everything is hunky dory and A-OK. Forget the fact that millions are without jobs and stagflation continues to eat away at the core of our financial systems.
Which is exactly where we stand at the moment. Stock markets continue to remain at artificially high levels and a change in leadership in the United States has renewed business confidence, despite the incredible uncertainty now erupting within and outside their borders.
Adding fuel to the fire is Bloombergs recent "Consumer Comfort Index", which has surged higher and now rests at its highest level since April 2015. In addition to this, and more importantly is their "State of the Economy" survey which has reached unexplainable heights.
Sitting at a nine year high, this survey rests at 42.8, the highest level since July 2007!
This number should be ringing the alarm bells in any contrarian investors head out there and is most certainly flashing a bright red light for myself.
As we know, the previous high marked one of the greatest collapses in the markets since the great depression and almost brought the entire system to its knees.
What I am fearful of now, is what I was fearful of back in 2007 and that is the fact that people are completely and utterly unaware of just how precarious these markets are.
A market collapse could be brought on at any moment, and as we are seeing, global uncertainty and geopolitical relations are now incredibly unstable. This is going to once again wipe out the savings of countless people, of which many may never recover.
Will the markets be able to survive another collapse like we seen in the 2008 crisis? Unlikely, as the system is more rotten than ever, and the problems experienced in the past have never been resolved, simply papered over with copious amounts of fiat money.
Prepare yourself, take action and ignore the MOPE. Don't be the one left holding the bag, be on your toes and ready to act, at the slightest whiff of trouble.
Wednesday, February 8, 2017
Gold ETF's Receive Massive Inflows Throughout January as Uncertainty Increases
Precious metals have long stood the test of time, they are a safe haven in times of uncertainty, strife and conflict. If the markets are confused and participants don't know what will unfold, then the markets themselves take a hit, while gold and silver receive a boost, fulfilling their role as a safe haven asset.
This scenario has unfolded time and time again throughout history and we are once again seeing it happen, especially in the case of the king of metals, gold.
Gold ETF's received a massive inflow of funds throughout the month of January, the numbers are out and they are truly stunning. Market participants sent almost $1.6 Billion dollars into ten of the most attractive gold ETF's on the market.
The Xetra-Gold ETF was the largest recipient of this flow of funds, but far from the only one that benefited greatly from the recent global uncertainty that we see unfolding all over the world.
Since taking office, the new US administration, led by Donald Trump has put the old global order on notice. This is causing many to take the prudent steps of protecting their funds, as it is anyone's best guess as to what is going to happen in the short term.
Global markets are going to face great uncertainty and volatility as globalism is being challenged in each election that we see unfolding. Likely, this is going to cause a minor to severe crash in the markets, as things are reshaped and global trade is re-balanced.
What also must be noted is the fact that gold ETF's are not the only winners in this scenario. Many are also parking their hard earned money into gold mining stocks as well, as some of the largest producers in the industry see their share prices rising.
Whether you like it or not, volatility is here to stay. The markets are going to gyrate and they are going to have to adjust to the new reality that the world now faces.
This period of time will make even the most battle hardened investors weak in the knees, but steps can be taken to lessen your risk and it begins with investing in physical precious metals.
Friday, February 3, 2017
The Free Market Unleashed - Moon Express to Begin Mining Gold on the Moon's Surface by the End of 2017
The free market, it solves problems, it innovates and it creates growth. Governments typically do the opposite and when they attempt to take the market by the horns, it backfires in spectacular ways.
Under government, costs soar and productivity stagnates, this has been proven time and time again throughout history and it is exactly why the free market should not be restrained.
One venture that the government has failed the human race for decades in is that of space exploration. Not since 1972 has a man set foot on the moon and since that time, the stars
Yet, the free market is now being unleashed once again, as companies are being granted permission to strike out on ventures of their own, with the hopes of untold profits for those bold enough to take the risk.
This is a good thing, as it will push human ingenuity to the limits and we could potentially see a rapid acceleration in new technologies that would propel the human race into the future, allowing us to expand and acquire much needed additional resources.
One company that plans on doing just this, is none other than Moon Express, founded by Naveen Jain, who has raised over $20 million dollars to send a rover to the moon's surface and plans on gathering samples by the end of 2017.
Of particular interest, Moon Express plans on mining gold from the moon's surface, along with other rare elements such as Helium-3, rare earths and platinum.
If successful and if able to bring the cost to a level that is deemed profitable (which they believe they can do), then this will mark a new dawn in the age of man going forward. One in which we are not limited by the resources obtained on our planet.
The free market is a beautiful thing. It should be embraced, nurtured and encouraged, always and forever.
Thursday, February 2, 2017
The Price of Silver Could Explode Higher as Trade Tensions Between The US and Mexico Flare
For years, it has been in a sideways pattern after reaching its near $50 high. It has been cast aside as investors have become discouraged, and honestly, you can't blame them. For those not strong of heart, or strong of will, it has not been a great period to be invested in silver.
Yet, for those who have been thinking long term, you have been doing the intelligent thing and thinking in ounces, not fiat dollars. You have been stacking and accumulating your real wealth,
Now, silver stands on a potentially explosive opportunity, one that could be imposed on it not on its own accord, but by external political forces.
It is no secret to anyone, that a dispute over "the wall" between Mexican and US leadership has been taking place in the public court. The argument is over who is going to pay for it, and why they should.
It is very unlikely that the Mexican government will do this, they simply cannot due to political pressures from within their country, even if long term it would be in their best interest.
Unfortunately, there are other ways in which they can be made to pay, which is out of their control, such as the much discussed 20% border tax that is now being floated out there. If imposed, this could lead to an explosive rise in the price of silver.
Historically, Mexico has been the largest silver producer in the world, and if a 20% tax is imposed on it, then it could lead to dramatically higher prices in the short term, especially within the United States as wholesalers are sent scrambling to find alternative sources of supply.
Take also into consideration that the US debt level is set to surpass the $20 trillion mark any day now, and you can quickly begin to see the potential profit that is unseen in the currently depressed silver prices.
Will this unfold? It is unclear as of yet, as an agreement could always be reached before such dramatic actions are taken on the United States part, but the odds are there, and they are high as this game of chicken comes to a conclusion. Regardless of the outcome, I'll be stacking.
Historically, Mexico has been the largest silver producer in the world, and if a 20% tax is imposed on it, then it could lead to dramatically higher prices in the short term, especially within the United States as wholesalers are sent scrambling to find alternative sources of supply.
Take also into consideration that the US debt level is set to surpass the $20 trillion mark any day now, and you can quickly begin to see the potential profit that is unseen in the currently depressed silver prices.
Will this unfold? It is unclear as of yet, as an agreement could always be reached before such dramatic actions are taken on the United States part, but the odds are there, and they are high as this game of chicken comes to a conclusion. Regardless of the outcome, I'll be stacking.
Friday, January 27, 2017
The Dow Jones Breaks the 20,000 Mark As the National Debt Approaches $20 Trillion
Wednesday saw an historic event take place. The Dow Jones broke through the 20,000 mark for the first time ever. Broadcasters broke out into song and into praise, others hailed it as a great triumph and a sign of great things to come. But is it?
This, in my mind is not something that should be rejoiced. It is not something to write home about and focus on, for at the core of these markets is a
Ironically, this "break through" has come just as the US national debt level is set to explode through the 20 trillion dollar mark, a level that is completely and utterly unsustainable and is absolutely mind boggling if you attempt to imagine just how much money that actually is.
The fact is, the markets are incredibly over priced and are due for a major, massive correction. Just like before the 2008 collapse, this is going unseen by those on Wall Street and the talking heads, as they are focused only on the short term and the next quarterly profits.
Yet, we in the precious metals community know better, we know that we should be focused on the long term and the ramifications that such a collapse in the markets could bring. We don't need to look back far for a reference, as it just seems like yesterday that we were going through the 2008 banking crisis.
Whether or not this crisis is going to be triggered intentionally, or naturally through the markets self correcting themselves is yet to be seen. Also, it is unknown to all, when this great correction is going to begin.
One thing we do know, however, is how to best protect yourself in the event of the coming storm. Precious metals.
Physical, real precious metals have stood the tests of time, over and over again in these times of crisis, and mark my words, they will do so again.
It is only a matter of time, so taking action and preparing in advance is the prudent thing to do. If you are already prepared, good for you, if not, then you have to ask yourself, "what are you waiting for?".
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