In my letter of last Oct 3rd I suggested that the central bankers had gone full retard after a report in the Globe & Mail --"Why central bankers would like to trash your cash" -- suggested that negative interest rates were on the horizon in Canada, and that any hoarding of colored currency could be corralled by simply eliminating cash, starting with the brown bills first. Really!? It now appears that the pinsuits and their academic talking-heads (like Chairman Poloz), have closed their eyes, joined hands, and are flying through the air, like Thelma and Louise! It is a certainty that all national currencies will crash (or "re-set" in some way); the only bet to make is on whether the green, blue, or red convertible hits the rocks first. There may be one central banker with a clue however, the ex-Canuck and Goldman croney Mark Carney. At a panel discussion in Davos last week, Carney admits that he expects a serious liquidity crisis, and that it will be "by design" (scroll to min 11:20 here) ... due to he and his buddies pushing so much liquidity risk into the private sector. At min 44:20 Carney then warns of an increase in volatility that will test capital flows across the global economy, and that these events will also test the "new financial system, and the resilience of that new financial system." Later, Carney responds to a technology question by stating that a change in banking is, ahh, "imminent" (scroll to min 58:40). As you know, Carney is a major mouthpiece for the plutocrats -- hopefully his pals at Sachs and Morgan aren't the only ones listening to his words? Yesterday morning Singapore became the 9th country to weaken its currency this month,joining Canada, India, and the Europeans in a race to the bottom. And in the afternoon, a few hawkish words in the FOMC minutes crushed the US markets and sent oil prices (and the loonie) lower once again. Not to worry though, a soaring dollar has US exports reeling, and it is likely the fedheads will re-join the printing party soon enough. My suggestion of course, is that you let these banksters have their currency war without you, and park your assets into a gold or silver bunker, and soon. Did I mention that gold in loonies is up nearly 20% since mid-November? Let me know if I can help .. Happy New Year!

Currency Wars - Russia Buys 20.7 Tonnes Of Gold In December

Russia raised its gold reserves for a ninth straight month in December as the country continued its multi month gold buying spree, adding to the fifth-biggest gold holdings in the world, data from the IMF showed yesterday. Given that Russia perceives itself to be under financial and economic attack from the West, there is the possibility that they are accumulating more gold than they are declaring officially to the IMF. In his most recent Dow Theory Letter, Richard Russell suggests that physical gold may not be available to buy at anywhere near current prices within the next year.

Indian 2014 Silver Imports Nearly 30% of Global Mine Supply

In December India imported $182.31 million in silver; divided by an average price of $16.3 an ounce this accounts for 11,188,095 ounces, or 348 tonnes. The total gross amount of silver imported in 2014 accounted for a whopping 7,063 tonnes, up 15 % from the shocking 6,125 tonnes in 2013. As far as my data goes back (2009) net silver import 2014, 7,055 tonnes, is a record.

Get Ready For Negative Interest Rates In The US

With Fed mouthpiece Jon Hilsenrath warning that The ECB's actions (and pre-emptive collapse in the EUR) means the U.S. economy must deal with a rapidly strengthening dollar that will make American goods more expensive abroad, potentially slowing both U.S. growth and inflation; and Treasury Secretary Lew coming out his crypt to mention "unfair FX moves," it appears The Fed (and powers that be) are worrying about King Dollar. This suggests, as Mises Canada's Patrick Barron predicts, the Fed will start charging negative interest rates on bank reserve accounts as the final tool in the war on savings and wealth.

Happy To Help ..

Its true, gold and silver bullion do not pay dividends nor any interest. It's also true that the physical bullion has insured wealth and protected purchasing-power for 6000 years, and will remain money when all else fails. Silver and Gold in physical form are unencumbered wealth, free of counter-party risk, and of all liability when your broken Government or Zombie bank blows up. I invite you to contact me for the very best pricing and discreet, informed service.

OPEC Puppets and Canada Give Away Their Oil

Apart from the obvious strategic reasons to cut-off Canadian oil production (until prices are once again at least quasi-legitimate); the Canadian economy cannot afford to lose this much money, giving away the world's most-precious commodity. Harper's treason has now descended into outright economic insanity.

Canada Just "Revised" All Of Its 2014 Job Gains 35% Lower

Statistics Canada just outdid itself moments ago when it reported that those 185,700 jobs gains it had previously reported for all of 2014... well, it was only kidding, and after a second look, the number has been revised a whopping 35% (!) lower to only 121,300. (Because) when it comes to massaging data, Canada is on par with China and even the US.

Sovereign Exchange International Ltd. Steven Merrill, President www.sovereignize.net email: steve@trade-up.ca phone: 778.835.7667

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.