Do the faces look familiar? If you said, Jim Sinclair and Ben Bernanke, you know your heroes and villains.
In a recent interview with KWN, Jim Sinclair stated that the Comex would not disappear, but they would become a cash market. What did he mean and what does that portend for the future? The Comex will, as it did in 1980 with the Hunt Brothers plunge into the silver market, eliminate all margin and the price of a contract will become the same as the price of the physical. It’s coming, according to Sinclair and that will have a profound affect on all of our customers as well. We will no longer be able to “hedge” since the Comex will have gone to a cash basis, so when someone call us (or any gold dealer) and wants to buy physical gold or silver and we say, “Our next delivery from the mint is two or three months out,” we will not be able to take the order and “LOCK” IN THE CURRENT PRICE – because we won’t be able to “hedge” it with a Comex contract. We can take your order, but it will be priced on the day of delivery – and in a hot and rising market, there is no way to guarantee how many ounces your fixed-dollar order will buy – but certainly, much less than on the day you called in.
A real-world example is the current state of ammunition in gun stores, including Wall-Mart. It’s gone. You can’t get it. Demand has far outstripped supply, and it will happen to gold and silver coins too. Count on it.
This Is Why Central Planners Are So Scared of Italy’s Beppe Grillo – ZeroHedge.com
Submitted by Tyler Durden on 03/10/2013 08:26 -0400
Submitted by Michael Krieger of Liberty Blitzkrieg blog,
“Whom does the money belong to? Who does its ownership belong to? To the State. Fine…then to us, we are the State. You know that the State doesn’t exist, it is only a legal entity. WE are the state, then the money is ours…fine. Then let me know one thing. If the money belongs to us…Why…do they lend it to us??”
– Beppe Grillo in 1998
If you really want to know why Beppe Grillo is causing Central Planners throughout the European continent to wet themselves, this video will show you. There’s a real revolution happening in Italy. This guy is the real deal and he understands the heart of the whole issue plaguing the world. All I can say is: WOW.
Continue reading on ZeroHedge.com
Disclaimer: The above link contains a video with strong language and is not suitable for all audiences
Beppe has a strong understanding of gold’s roles as “money,” and the evils of the bankers and government. He rallies around “we the people.” The video in the article above runs 11:22 minutes… and is worth watching. Be warned, there is language that may be offensive to some of our readers. Still, highly recommended.
Watch the video Beppe Grillo about the money system on ZeroHedge.com
The MSM are proud to point out that the economy has improved and people are buying everything from stocks to houses to new cars. Some people are, but then there are the 25% of Americans who are raiding their 401(k)s to pay their bills. That represents a jump of 12 percent since 2008. It’s from this group that the 25% number comes from.
America is a land of two classes, those that have too much and those that don’t have enough. These numbers are not a surprise – the video I presented to you two days ago, the one on the inequality of wealth in America, points out that the bottom 80% only control 7% of the wealth. Americans are tapping into nearly a quarter of the $293 billion placed into their retirement savings each year to pay for mortgages, credit cards and other forms of debt.
This is just another example of “kicking the can down the road.” The Fed does it, the Treasury does it and millions of ordinary Americans are doing it too. What happens when we run out of road?