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Peter Schiff: Gold and Currency Markets Expose U.S. Recovery Myth As Lies (Video)
Over the past two years or so, it’s been an interesting exercise, however a frightening one, to watch the evolution of the general public’s thoughts and reaction to increasing talk about a pending global economic collapse. Unless a person has no access to television, radio, newspapers, or the internet, it’s virtually impossible not to have been bombarded by ads warning of impending doom, so almost everyone has “some” type of opinion on the matter, ranging from the well informed, to completely delusional on both ends of the spectrum.
Media attention around the topic has slowly grown to the point that if a child accidentally slipped, and referred to William Devane from Rosland Capital as “grandpa,” it would almost be understandable because the commercials he stars in run so often, most children probably see Devane more than their real grandpa! After all, Grandpa is probably holding down two jobs trying to stay afloat in Obama’s 8th “Summer of Recovery…”
As Peter Schiff explains in the video below, the days of the dollar appear to be limited, as the ‘full confidence’ of the US currency wanes in the eyes of foreign countries. Peter explains as only Peter can, that the lies being peddled by Obama and the mainstream media can no longer be covered up. The gold and currency markets are exposing the U.S. “recovery” as the nonsensical lie that it’s always been.
There is so much the American people are being lied to about, that if people don’t wise up soon and stop ignoring the evidence that is right in front of them, very soon it will be too late to prepare. First, listen to Peter expose the lies for what they are, then we’ll take a look at the rude awakening many who have tried to be response by preparing for the collapse are in for. Little do most people know: More paper gold is traded in London everyday than all available physical gold in the world, so, if you’ve been keeping your gold somewhere “safe” and out of your reach, you might want to rethink that strategy while you still can. When the music stops, and everyone around the world goes diving for their chair, many who thought they were safe will find out they are anything but…
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The Daily Economist recently said what many of the greatest economic minds of today have been shouting for some time now…
“China, Iran, and even Saudi Arabia have all been creating trade agreements within the past year that accomplish trade without the use of the dollar in goods and services exchanges. China recently completed a refinery contract with Saudi Arabia, as well as a trade agreement with Japan. Iran is allowing its oil to be sold in exchange for gold, and is moving away from the dollar in international capacities.”
GET YOUR FREE GUIDE TO SURVIVING MARTIAL LAW HERE
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
Furthermore, in the article titled, More paper gold is traded in London everyday than all available physical gold in the world, it goes on to say:
In the movie The Big Short, banks were buying and selling derivatives on mortgage bonds at rates of hundreds if not thousands of times the actual number of houses tied to those bonds. In fact, it was the advent of the Synthetic CDO (collateralized debt obligation) that turned a housing crisis into a global financial collapse.
Yet because global governments didn’t unwind these trades when the need for a bailout came, and jail the bankers who created the environment for global collapse, they simply gave the criminals on Wall Street and London the motivation to keep committing fraud and manipulation in not only the housing market, but in every market.
Following the decision to keep interest rates down to near zero, and initiating a program of money printing that was labeled as ‘Quantitative Easing’, central banks desperately needed to keep the price of gold down so that the true value of the dollar, euro, and yen would not be realized by the public or general economy. And they did this by removing all protections to the gold market and allowing paper derivative contracts to dictate the physical markets. And now five years later, that manipulation has reached levels where more paper gold contracts are traded everyday in London than the total amount of physical gold that is available in the entire world.
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Dr. Jim Willie Said the Following at Silver Doctors:
“Currently, the number of contracts on the COMEX represents 300 times as much paper gold as there is physical metal in the COMEX vaults. Moreover, this number has ballooned at a faster pace over the past two years or so. The 300:1 ratio of contracts to physical ounces is propped by powerful restrictions. The COMEX forbids delivery of gold on the ramps to satisfy a gold contract, under threat of banning the party from participation and entry in the door. Almost nobody takes actual delivery of their metal, except for the big Wall Street banks which steal gold from other depositors. These banks also routinely rig the windows to enable removal of investor gold in the GLD Exchange Traded Fund, and silver from the similar SLV fund. Imagine a gold futures contract with no delivery possible. How absurd! But it has been the reality since June 2012.
The situation is perhaps even more frightening in the London Bullion Market Assn (LBMA). This market sees $trillions worth of gold trades every day. The activity is truly baffling. On individual trading days, more gold changes hands within contract trading (paper shuffling) across the London market than all the available gold in the world. Yet no metal moves anywhere, in a grand charade. These are merely paper transactions, with almost no actual metal ever in movement. The staggering leverage and dilution should not make any sense to the rational observer. However, in sharp contrast, the Eastern nations are accumulating gold in large volume.”
DR. JIM WILLIE HAS ALSO SAID THE FOLLOWING IN JUST THE LAST TWO WEEKS:
Dr. Willie: US Markets in Terminal Phase of Economic Collapse… Extreme Pain Ahead
Dr. Willie: Economic System is Collapsing Right Now; Us Dollar in a “Short Squeeze”
Jim Willie and “Will the U.S. Collapse Due to Internal Meltdown of Society?”
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Dr. Jim Willie Reveals the Most Unusual About the Looming Next Depression
Dr. Jim Willie Reveals the Most Unusual About the Looming Depression – Pt. 2
And now you see why the new gold price mechanism initiated at the Shanghai Gold Exchange will soon be the most powerful change agent the world has seen in perhaps 100 years. Because not only will it allow gold prices to finally break away from their paper restricted manipulations, but it will eventually force all assets to be laid bare when gold is once again the underlying foundation of all money.
GET YOUR FREE GUIDE TO SURVIVING MARTIAL LAW HERE
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
WHEN THE ECONOMY COLLAPSES, IT WILL BE THE LARGEST TRANSFER OF WEALTH IN HUMAN HISTORY.
WHICH END DO YOU THINK THE AMERICAN PEOPLE ARE ON?
THE GIVING OR RECEIVING END?
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The same mainstream media that is peddling the never ending stream of lies to the American people, would like you to believe that people like myself are doing nothing more than “fear mongering.” I wish they were the case. The truth is, if what you’ve already seen, and when I’m about to tell you start to keep you up at night, you have good reason for it. You should be scared. In the post titled, Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise, Dr. Willie alleges that Germany has already told China and Russia behind closed doors that is is committed to leaving the Eurozone, leaving NATO, and not only joining the BRICS nations, but serving as the backbone of financial stability to the BRICS Nations.
THERE GOES ONE VERY POWERFUL ALLY
To support his claim that Germany plans on switching teams, Dr. Willie explains how despite being a NATO member country, Germany has chosen to set up over 3,000 businesses in Russia, and several hundred in China. Then there is also the following:
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited
Jim Willie: Both Our Allies and the American People Absolutely Hate Our Government
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There has been steady talk lately of the British leaving the Eurozone, which the media has affectionately dubbed “The Brexit.” That’s about the extent the mainstream media has covered such a massive move: giving it a nickname.
If everything that’s been in the news over the last year, and everything I’ve been warning about for two years hasn’t seemed to be something you NEED to be concerned with, then let the following article really seer itself into your mind. America is FAST finding ourselves all alone, in the middle of the ocean, on a sinking vessel, and thanks to the way Obama has treated our “allies,” not a soul on earth is coming to rescue us. If anything, they may arrive with our enemies to witness the final sinking in person.
LONDON MOVING CLOSER TO CHINA AND TO GOLD!
The British people and the politicians who realize that their future no longer lies in the continental takeover that is the European Union also are beginning to see that their future may not lie in dollar hegemony, or a U.S. controlled monetary system. This is because more and more they are coming to grips that the next arbiter of global monetary policy will probably come from China, and not the dying West.
On April 26, Mark Boleat, the City of London Corporation’s Policy Chairman, reported announced that the internationalization of the Chinese Renminbi was ‘here to stay’, and will be a significant part of Europe’s future for both capital and investment.
THAT WOULD MAKE TWO VERY POWERFUL ALLIES…
Read more on this article here…
In a recent article by Dave Hodges of the Common Sense Show, Dave recalled what Steve Quayle said to him not long ago while a guest on Dave’s show:
“WE ARE NO LONGER TALKING ABOUT WHAT IS COMING; WHAT IS COMING IS ALREADY HERE!”
Two add to that, Ayn Rand once said:
“YOU CAN IGNORE REALITY. BUT YOU CANNOT IGNORE THE REALITY OF IGNORING REALTY…”
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IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
What Exactly Does Global Economic Collapse Coming May 2016 Mean?
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
When Obama Suspends 2016 Election, a Guide to Survive Martial Law (Videos)
Jim Willie: How the Loss of the US Dollar as Reserve Currency Affects You Personally
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says
Ron Paul, Jim Willie, Peter Schiff, and Collapse of US Dollar on a Global Scale
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie Reveals the Most Unusual About the Looming Next Depression
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Dr. Willie: Economic System is Collapsing Right Now; Us Dollar in a “Short Squeeze”
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited
Dr. Jim Willie: Economic Collapse is On Our Doorstep
Jim Willie: “The Quickening” is Approaching Global Economic Markets
Jim Willie: Both Our Allies and the American People Absolutely Hate Our Government
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
Jim Willie: Armageddon Coming to U.S. With Trillions Exposed In Derivatives
Jim Willie, the Crumbling Global Economy, and the Dollar Crisis
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: “Trump’s Very Massive Recession May Have Already Begun”
Peter Schiff: Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’
Peter Schiff: “Can Donald Trump Really Make America Great Again?”
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People
Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
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