ACT NOW OR YOUR SAVINGS WILL BE STOLEN!

The imminent train wreck is picking up speed and your life’s savings will soon evaporate overnight if you do nothing!  You won’t like hearing this, but least of all will you enjoy living through it!  The Central Banks control the timing and the next big financial crisis has already been put into motion.


Today nothing makes sense!  The stock market is at an all time high of 15,000 and expected to reach 16,000, while the U.S. produces nothing and has a negative G.D.P.  National retailers report dropping sales and announce record numbers of store closures and bankruptcies are increasing.  Savings are at an all time low and the number of dependent citizens increases monthly.  Interest rates have been held at zero with housing interest at their lowest rate ever yet housing sales and starts show declines.  Unemployment numbers are at the highest level since the Great Depression and yet we are told all is well and improving.   We have a massive bull market in the United States and China brought on by the massive printing of electronic dollars by humongous banks in corrupt dealings using algorithms controlled by the Federal Reserve.  No longer are equities and precious metals relative to the economy.  Isn’t it obvious to an intelligent human that the economy is not recovering but that a collapse of the world’s economy is imminent?


Ignore what happened in Cyprus at your peril!  Cyprus was but a test run of the new financial regulations of the E.U. and M.F. Global will work the same magic in the United States.  Get your money out of the banks before it is stolen!  Has anyone received one of the new $100 bills now due to be released later this year?  No because they are being stockpiled for a reason.  Banks will exchange these new $100 bills for $200 worth of your old fiat bills just as in 1933 when $20 gold was exchanged for a $20 fiat bill!  If you had been attempting to move your dollars to other countries in the past year you have been paying a sur-tax on those dollars since Jan. 2012.  The Central Banks have been pulling down the amount of actual paper U.S. currency on the world market while flooding the market with electronically generated computer dollars.


The new Dodd-Frank Financial Reform Act and similar regulations passed by England, the E.U. and other developed countries did not protect the consumer.  In fact just the opposite, today you are no longer an insured “depositor” at your local bank but an “unsecured creditor”.   I personally spent weeks looking for this FDIC and Bank of England Regulation dated December 2012 and published it in my article April 15, 2013 on www.whynotgold.com  http://www.fdic.gov/about/srac/2012/gsifi.pdf   


This changes how a bank reorganizes if it is deemed “systemically important” when it defaults.  In the past the FDIC insured depositor funds up to $250,000, however, if you had more money on deposit than was covered by the FDIC insurance you were not guaranteed that amount over that limit in the event of a bank failure.  Now this new regulation removes that protection and replaces it with worthless stock certificates.  Your money will be used to “bail in” the chosen “systemically important” bank.   The FDIC will then hold the banks bad assets after the reorganization.   EU and MF Global completed the plan in Cyprus except some of the bank branches weren’t notified to not allow transfers out of Cyprus and a few depositors beat their scheme.  I assure you branches will be notified in the future to not allow such transfers through new regulations.


Get out of the stock market and quit being greedy believing that the inflated stock market is real and you are going to make even more paper when it goes to 16,000!  Get out of your 401k, pay Caesar what you owe, remember you have made interest on his tax money anyway over the past 30 or 40 years.  You will be rquired to pay taxes anyway during your retirement.  Don’t allow them the opportunity to nationalize your savings for the populace or invest your funds into treasury bonds and rename it a Guaranteed Retirement Fund. Nothing is guaranteed these days particularly bonds.  Get it out of their system!


Austrian Economic theory would suggest, that an economic boom should have been lit by holding interest rates to zero, but it hasn’t.  Our economists, in a desperate attempt, have failed for four years to jump start economic growth in the U.S. with this measure.  They cannot continue this directive; expect soon a massive credit freeze!   The Bank of Settlements passed BASAL III regulations but never imposed these new regulations because there simply are no banks that could continue to operate with these new strength requirements.  Buying gold at a discount is the only medicine available to cure the systemically ailing “zombie banks”.  Do you understand why they are called zombie banks?  Because they can not lend money because they simply do not have asset to value ratios to permit lending.   Remember I stated in an earlier article: http://www.whynotgold.com/archives/ARE_GOLD_AND_SILVER_PRICES_GOING_TO_RISE-40.html


A corrupt Congressional bill, approved in 2009 and endorsed by the Financial Accounting Board, allows any U.S. bank to dictate the value of their assets on balance sheets using original date valuations before the market imploded, even if there no longer is a market for that asset.   Banks were allowed to hold assets based on their original valuations not the current value after 8 years of decreasing property valuations.  Remember that the final nail in the coffin that broke the 2008 housing bubble was the BASAL II regulations.  That effect requiring banks to mark to market accounting, “Fair Market Value” based on current asset values insured the crisis.  Today the Central Banks are simply waiting to implement the new BASAL III standards and will freeze the credit markets to accomplish it.


Don’t be deluded into capitulating and selling your precious metals, buy more while prices are still down! The “Financial Cartel” attempted to drive precious metals down by trash talking precious metals for months.  Many capitulated and sold and the banks are now buying up your gold and silver at a bargain in an effort to strengthen their banks for the new impending BASAL III requirements.   The COMEX is doomed and soon its “Last Rites” will be read.


I have said this before, “It no longer matters what price you pay but whether you are able to transfer your paper currency to real gold or silver.  There will be no dimming of the light only a flick of the switch that determines who has precious metals and who does not.  The Eastern populace has already accepted this and is willing to pay any price for their fiat currency transferred to metals.  In the end it will not matter if you are early securing gold and silver only that you were too late!”


Westerners have been deluded by the bought media, and their inferior public school education into thinking that gold and silver are worthless because of a price driven to a two year low by the Central Banks.  Remember nothing makes sense today!  You are living in a “new abnormal” world!  You were taught to pay off your debts but today it makes more sense to get a loan for 2.7% and use their monopoly money to buy food and anything you may need in the future including silver and gold.  Why? Because the dollars you earn today are worth 2 cents and tomorrow they will be worth 1 cent while every day prices continue to skyrocket!  When the housing and stock market bubbles collapse again you will be able to buy the same house for half or less than half of what you owed before. Now, won’t you begin to protect your family before it’s too late?


http://www.gold-eagle.com/article/act-now-or-your-savings-will-be-stolen