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The Financial System Has Reached The Implosion Point
Saturday, April 6, 2013 9:24
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Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
goldandsilverblog.com / By GE Christenson / April 5, 2013
A profound thanks to all the short term fickle speculators in gold and silver who have shifted their portfolio allocations to stocks, bank accounts and certificates of confiscation government bonds . The shift to paper assets has provided what will in hindsight be the best buying opportunity for gold and silver since the crash of 2008.
March and April 2013 may go down in history as the tipping point for the western financial system.
We have already seen:
- Lehman Brothers and many other financial firms collapse.
- $700 Billion in TARP funds arranged by banking insiders for banking insiders at the expense of US taxpayers.
- Over $16 Trillion in bailouts, guarantees, swaps, and loans created by the Fed and given to various banks, nations, and other insiders.
- MFGlobal took “segregated” customer funds, the exchange provided no compensation to customers, and yet no criminal indictments have been issued.
- Global derivatives total $700 Trillion to well over $1,000 Trillion, depending on who is counting. Some are “toxic waste.”
- Many European bailouts and “fixes.”
- Spain, Italy, Slovenia, and perhaps France in trouble.
- US official debt approaching $17 Trillion with unfunded liabilities many times larger.
- The Federal Reserve creating $85 Billion per month (over $115,000,000 per hour) to support banks and the US government.
Thanks to BrotherJohnF
2013-04-06 09:17:29
Source: http://silveristhenew.com/2013/04/06/the-financial-system-has-reached-the-implosion-point/
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