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Dr. Jim Willie: Will Government Start Taxing or Confiscating Gold & Silver? (Video)
Since it’s no secret to U.S. law makers that the U.S. Dollar is on life support (most of them I should say), it’s hardly surprising that there has been speculation in recent times that eventually the government would crack down on gold and silver profits. To prevent people from fleeing the already weak Dollar, and flocking into gold and silver instead, the government could very easily add an enormous tax or surcharge on gold and silver , effectively stripping investors of any reason to buy into the metals in the first place.
For the foreseeable future, it doesn’t look like we have anything to worry about on that front. For now, the Fed seems content to just keep on printing money out of thin air, since it’s worked so well up until this point (eyes rolling), however right now the U.S. Dollar is also getting plenty of help from Europe.
Recently, countries like France and Italy have had conversations about leaving the EU, which has investors fleeing European equities in record numbers. Since most European banks are only offering negative interest rates, European money is flowing into the U.S. by default, and propping up our markets and the U.S. Dollar.
Dr. Willie explains that the real breaking point is likely going to come once the Dollar looses its Global Reserve Status. He explains that once that does occir, either the banking begins settling in gold, or the global trade market will have to begin settling trade in gold.
The best solution he explains, would be a banking system the settles in gold. Why? Because right now the trade is controlled in the East, but the debt is controlled by the consumers in the West. All that needs to change.
One of the highlights of the interview, is when Dr. Willie is asked where the safest place to be is once the global banking system begins to crumble. In short, Dr. Willie’s answer is to be somewhere that you’re not recognized as an American, somewhere that you’re able to speak another language besides English, and he suggests whatever you do, that yoy stay far away from Australia and/or Panama. The conversation is a colorful one, so I won’t ruin it and say anything more than that.
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It’s no secret that when the market goes next time, it’s going to be biblical in nature it would be so bad. To begin to help people prepare for what to expect, after the interview is an article by Michael Snyder that begins by giving the reader a feel for what the country would look like if all the equity markets were cut in half…
PLEASE FOLKS… MAKE SURE YOU ARE PREPARING!
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Are we about to witness one of the largest stock market crashes in U.S. history? Swiss investor Marc Faber is the publisher of the “Gloom, Boom & Doom Report”, and he has been a regular guest on CNBC for years. And even though U.S. stocks have been setting new record high after new record high in recent weeks, he is warning that a massive stock market crash is in our very near future. According to Faber, we could “easily” see the S&P 500 plunge all the way down to 1,100. As I sit here writing this article, the S&P 500 is sitting at 2,181.74, so that would be a drop of cataclysmic proportions. The following is an excerpt from a CNBC article that discussed the remarks that Faber made on their network on Monday…
The notoriously bearish Marc Faber is doubling down on his dire market view.
The editor and publisher of the Gloom, Boom & Doom Report said Monday on CNBC’s “Trading Nation” that stocks are likely to endure a gut-wrenching drop that would rival the greatest crashes in stock market history.
“I think we can easily give back five years of capital gains, which would take the market down to around 1,100,” Faber said, referring to a level 50 percent below Monday’s closing on the S&P 500.
Of course Faber is far from alone in believing that the market is heading for hard times. Just recently, I wrote about how legendary investor Jeffrey Gundlach is warning that “stocks should be down massively” and that he believes this is the time to “sell everything“.
37 ITEMS YOU WON’T FIND WHEN A CRISIS HITS
And on Tuesday, Donald Trump told Fox News that the stock market is “a big bubble”…
“If rates go up, you’re going to see something that’s not pretty,” the billionaire businessman told Fox News during a Tuesday morning phone interview. “It’s all a big bubble.”
Worries that the Fed has created a market bubble have shadowed the second-longest bull market in history as the central bank has kept its key rate near zero and expanded its balance sheet by $3.8 trillion in order to pump liquidity into the financial system.
Trump actually has a vested interest in seeing the stock market go down, because that would help his chances in November.
In a previous article on The Most Important News, I explained that the stock market has indicated who would win the presidential election 86 percent of the time since 1928. During the final three months before election day, if the stock market goes up the incumbent party almost always wins. But if the stock market goes down, the incumbent party almost always loses. The only times this correlation has not held up since 1928 were in 1956, 1968 and 1980.
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
For the moment, the stock market is defying the laws of economics, and that is a very good thing for Hillary Clinton. But if this bubble suddenly bursts and the market starts catching up with economic reality, that is going to turn out to be very favorable for Donald Trump.
And without a doubt, the fundamental economic numbers just continue to get worse. Earlier today, we learned that productivity in the U.S. has now been falling for three quarters in a row…
Productivity, a sore spot for the U.S. economy over the past few years, has now declined in three straight quarters, according to data released Tuesday.
Productivity in the second quarter unexpectedly fell 0.5%, well below expectations, the Labor Department said. Economists surveyed by MarketWatch had forecast a 0.3% gain in productivity in the quarter.
Productivity is down 0.4% from a year earlier, the first year-over-year decline since the second quarter of 2013.
On Tuesday we also learned that real estate sales in Las Vegas were down about 10 percent in July compared to the same period a year ago, and things are not looking so good in San Francisco either. Just check out what has been going on at Twitter…
Twitter is shaking up San Francisco. It’s the city’s 10th largest employer, and second largest tech employer, after Salesforce. But it hasn’t yet figured out, despite a decade of trying, how to make money. Last October, it announced that it would lay off 8% of its workforce. A couple of weeks ago, it reported a second-quarter net loss of $107 million along with disappointing user metrics and lousy projections. Its shares have lost 74% since their miracle-IPO-hype peak at the end of December 2014.
And now Twitter is dumping nearly one third of its total office space on the San Francisco sublease market.
Las Vegas and San Francisco are both prone to huge “booms” and “busts”. So the fact that it appears that both cities are starting to move into the “bust” end of the cycle is a very ominous sign.
Conditions are changing, and now is the time to position yourself for the exceedingly challenging times that are coming. As I end this article today, I want to share with you something written by Jim Quinn. He recently went out to visit his son Kevin in Colorado for a couple of weeks, and the following is how he ended his article about that trip…
After spending a week in this stunning paradise, it’s tougher than you know to go back to my two and half hour daily round trip commute into the slums of West Philly. John Muir’s words were right 100 years ago and they are right today. I am losing precious days and my days are spent trying to make money. I’ve got responsibilities. I’ve got bills to pay. I’ve got kids to get through college. We’ve got aging parents to help. I work because I have to.
I’m not learning anything in this trivial world of distractions and iGadgets. I don’t fit into this materialistic society. I don’t do small talk. I have no patience for fools. I prefer solitude. If I can survive this despicable rat race for seven more years, I’ll be joining Kevin in Colorado and living the life I’d like to live. The sun is setting and time is slipping away. Those mountains are calling me home.
I can definitely identify with what Jim is going through, because I once experienced similar emotions.
To Jim and everyone else that hopes that someday in the future they will be able to live the lives that they would like to be living right now, I would say this…
Don’t put it off.
Seize the day and find a way to make your dreams a reality.
Things are rapidly changing in this country, and if you keep putting off the life you want to be living for too long it may end up slipping away for good.
PROTECT YOUR FAMILY BEFORE THE CRASH!
STOCK UP ON FOOD SUPPLIES WHILE THERE IS STILL TIME!
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Once Upon a Time in America… Are you ready to turn back the clocks to the 1800’s for up to three years? Our grandfathers and great-grandfathers were the last generation to practice the basic things that we call survival skills now… Watch this video and you will find many interesting things!
HERE ARE SOME ITEMS YOU MIGHT FIND USEFUL AS WELL. SOME ARE PRICEY, BUT WE’RE TALKING ABOUT PROTECTING YOUR FAMILY!
Family Bunker Plans: Does one of them suit you?
Backyard Liberty: Aquaponic system to grow your organic and living food bank
The Lost Ways: 4 Important Forgotten Skills used by our Ancestors that can help you in any crises
Bulletproof Home: Guide to safeguarding your home
Conquering the Collapse: Financial advice and preparedness
US Water Revolution: All about Agenda 21 and the Depopulation Plans
Survive World War III: You’re never too old to learn more survival techniques
Liberty Generator: Have an alternative power source
Sold Out After Crisis: Americans proven to be over-confident and under prepared lack these crucial items - Get them while you can
Ultimate EMP Survival: Keep your electronics working after an EMP burst or solar flare
Conquering the Collapse is an extensive guide, covering everything from why we should prepare, how a collapse may happen, what civilization may look like in its aftermath, and what steps you can take to not only prepare ahead of time, but how you’ll survive and thrive during the reconstruction and rebuilding that follows.
CONQUERING THE CURRENT COLLAPSE
OTHER NOTABLE BOOKS:
The Survival Medicine Handbook: A Guide for When Help is Not on the Way
The Prepper’s Blueprint: The Step-By-Step Guide To Help You Through Any Disaster
Prepper’s Home Defense: Security Strategies to Protect Your Family by Any Means Necessary
Contact! A Tactical Manual for Post Collapse Survival
Conquering the Collapse is an extensive guide, covering everything from why we should prepare, how a collapse may happen, what civilization may look like in its aftermath, and what steps you can take to not only prepare ahead of time, but how you’ll survive and thrive during the reconstruction and rebuilding that follows.
IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)
Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)
What Exactly Does Global Economic Collapse Coming May 2016 Mean
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: Precious Metals Market (COMEX) on the Verge of Default (Video)
Dr. Jim Willie and the Systematic Bankruptcy of Western Society (Video)
Dr. Jim Willie: This Is My Most Shocking Prediction… Ever (Video)
Dr. Jim Willie: New World Order Elites in Absolute Terror of Gold Standard (Audio)
Dr. Jim Willie: Deutsche Bank Valued at -$1 Trillion; Economic Chaos Ahead
Dr. Jim Willie: The Corruption Cannot Stop the Masses! 3 Part Interview (Videos)
Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!
Dr. Jim Willie: We’ve Got “Educated People” That Are Stupid As Bedposts
Dr. Jim Willie: There Are No Prisoners Taken in The Global Money War
Dr. Jim Willie: Deutsche Bank Could Very Well Collapse Entire Banking System
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
Jim Willie: Chinese Replace US Swift Banking System, Hastening US Dollar Collapse
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
Peter Schiff and Jim Rogers on the U.S. Economy: Be Afraid… Be Very Afraid (Videos)
Peter Schiff: Are People Going to Wake Up? The Economy Is Out of Road! (Video)
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: “China is Bleeding It’s Secret Account. Time to Panic!”
Peter Schiff: Newest Recession Hiding in Plain View; American Dream Is Dead
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: Take a Good Look at the “New” American Dream!
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
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PROTECT YOUR FAMILY BEFORE THE CRASH!
STOCK UP ON FOOD SUPPLIES WHILE THERE IS STILL TIME!
FACEBOOK | GOOGLE+ | TWITTER | PINTEREST | STUMBLE UPON | TUMBLER
FREE GUIDE TO ECONOMIC COLLAPSE OR MARTIAL LAW…
AT THE OFFICIAL BLOG SITE BELOW!
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