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Of course there was never any doubt that the red team would eventually punt (and print) -- the globalist bankers called this play on October 2nd when Mr. Goldman stated 'there is no precedent for a default,' forgetting (conveniently) that the US Government has defaulted twice before, in '33 and '71, a history lesson shared recently by the editorial team at the NY Sun. And guess what? .. the debt 'deal' includes a provision to effectively eliminate the debt ceiling, which is what the bankers require to save themselves, and what the globalists need to deliver more warfare and welfare. Perfect. And with the fake 'shutdown' over the CFTC can get back to patrolling the fake 'markets' and explain how 53 claims against every one ounce of gold will be reconciled at the COMEX? My suggestion is that you take advantage of this 90% off sale and exchange some of your paper assets for physical ounces before the 'sold-out' signs are hung. I'm here to help when you're ready. Cheers!
China's Dagong Downgrades US
To be sure a Chinese rating agency is just that, Chinese, and its opinions are rooted in nationalistic pride as much as S&P and Moody's AAA take on the housing bubble in 2005-2007 were rooted in mathematical logic, but the implications of this latest shot across the bow by the country which last weekend said the time has come to strip the dollar of its reserve currency status, are clear. And, at its core, Dagong is correct: because all the US really has done is kick the can for another three months, something the domestic rating agencies would also admit if they were not terrified of expressing the truth.
Chase Bank Limits Cash Withdrawals $50K
All international wire transfers will be disallowed; All cash activity, including cash withdrawals and deposits, will be halted at "$50,000 per statement cycle." This is happening, folks! The capital controls begin on November 17th. The bank runs may follow soon thereafter. Chase Bank is now admitting that you cannot use your own money that you've deposited there. This is clearly stemming from a government policy that is requiring banks to prevent cash from leaving the United States. Such policies are only put into place when a huge financial default event is expected.
Schiff: Avoid US Markets
"I think [our creditors are] going to flee the dollar, flee the Treasury market. We're telling the world that default is inevitable. We said if we don't raise the debt ceiling, then we have to default. That means we can only pay our bills so long as we can borrow the money to do it. But you don't pay your bills by going deeper into debt - When our creditors realize that they're never actually going to get paid back, then they're not going to keep on lending. Then all we've got is the Fed and a printing press."
Rickards Predicts How Price Supression Ends
"Central bank manipulation of gold markets can and will last until physical shortages become so acute that banks and exchanges can no longer deliver on futures and forward contacts when requested by customers. At that point, contracts will be terminated and exchanges will order that trading be conducted "for liquidation only" which means that futures customers can close out or rollover contacts, but they cannot receive physical delivery of gold."
Happy To Help ..
Now is NOT the time to be complacent. Those that have been right about this market (Sprott, Sinclair, Turk) believe that these recent paper price attacks were a signal that the coming financial hurricane is closer than ever, and that physical silver an gold ownership is an absolute necessity. We currently have a healthy supply of gold and silver products, in all shapes and sizes. Please contact me for the very best pricing and discreet, informed service.
Bitcoin 1; FBI 0
Closing down the Silk Road and arresting its alleged operator has left the FBI in uncharted territory. The FBI has been unable to get through the encryption protecting Ulbricht's wallet, leaving all those Bitcoins - amounting to roughly $80 million at current rates - out of reach.
Doug Casey: On The Price of Freedom
"America has gone through periods of what paleontologists call "punctuated disequilibrium." Things evolve gently in one direction and then experience massive change very quickly. I'm afraid that the US might be approaching a phase similar to the one the Romans experienced before Diocletian made himself emperor. He completely changed the character of Rome; he believed that in order to save Rome, he had to destroy it."
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Sovereign Exchange International Ltd.
Steven Merrill, President
www.sovereignize.net
phone:
778.835.7667
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Engage a Rich New Audience; Reconcile to your Private Account; Settle for Metal at Any Time. The Sovereign Exchange was founded by Steven Merrill and a small network of individuals from across British Columbia with a vision to embrace Austrian economic principles and provide a sound and stable payment facility than be trusted for commerce and used to store wealth.
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