Jim has asked me to review “G.O.T.S.” (Get Out of The System) with you and comment on it. From a timing standpoint, I can tell you he is as adamant as I’ve ever seen, now, RIGHT NOW you must exit the system! You will not be afforded the opportunity if you are even one second too late!
Dear CIGAs,
For your convenience, here is the GOTS check list.
1. Your equities are held in certificate form or direct registration
2. You have no Federal sponsored retirement funds such as 401K etc.
3. You have no CDs and investments in bonds.
4. You have modest money deposited among selected BRICs countries or BRIC protectorates like Singapore
5. You store your own precious metals.
6. You have no mortgage obligations.
7. You keep cash on hand for 6 months expenses. That is cash, not plastic with credit open
8. You have no consumer debt at all. Pay it down or off.
9. You have a small hobby farm for protein and veggies outside of where you are living with no mortgage debt, set up green.
10. You have a gas, diesel or electric car with high fuel mileage for the farm.
11. You have a generator with large fuel capacity for the farm.
12. 33 1/3% of your liquid net worth is in gold and silver or according to your preference.
The above is by no means a complete checklist. Please keep in mind, not everyone even has the ability to attain the position of this checklist because they simply cannot afford to. In a perfect world, the above checklist would be a “start” only and situated on a private island, preferably with other like minded people.
Let’s break this list down into groups. Numbers 1-4 pertain to your “paper assets”. When the system comes down and is reset, do not count or rely on your paper wealth as an “asset”. There are two problems, first whether your institution will even survive and then of course whether the paper itself retains value. The basic premise is to rely as little as possible on paper and the institutions holding that paper. #4 is notable because having some capital outside of the West and within the BRICS ahead of time will leapfrog any capital controls put in place.
#5 is very important because of the counter party risk issue. Is it really and truly gold and silver that you own? Or is it a piece of paper or a receipt “promising” you gold or silver? Promises are made to broken …and “promises” are the only thing holding the financial system up from total collapse. Better said, it is the “belief” in these promises preventing an outright collapse. I have maintained all along, all that has been done has been to hide the relationship of values between paper currency and gold. Quite simply, more paper exists than is believed and less gold is held than claimed. We will find out the true relationship as the promises are broken!
Numbers 6-8 are all about debt, have as little as possible! For some, this is impossible. Some believe gold will explode in current dollar terms (it will) and their debt will be washed away via inflation (it will not).
Jim wrote to me:
“Anyone who knows the real history of Weimar collapse know that the banks were not hurt as mortgages & debts owed were readjusted to value to gold before the collapse to the value of gold after the collapse so you owed the bank the exactly the buying power in terms of the Rentenmark (new currency) after the currency collapsed. Those that owned gold, closed debt obligation ahead of time and GOTS to the greatest degree they could were the winners to the degree they GOTS. they and the banks were the only winners.”
I agree with this, there will be no “debt jubilee”. I would also add this, with gold (and especially silver) priced as they are right now, selling metal to pay down debt is not smart because the relationship is skewed. I believe you will have a better gold/dollar relationship at a later date and prior to the issue of a new currency. That said, having zero debt means zero chance of becoming a slave.
Numbers 9-11 are the hardest of all because they require a lot of capital. Being totally self sufficient may only be a dream to you, ignoring this and living in a city will be a nightmare! If the best you can do is to live 30 miles away from a city and in a rural setting, this certainly will be a better choice than living in a metropolis. Remember, food stocks will run out within 3 days and even if you have paper dollar bills, they cannot spend on what does not exist.
A few months back I penned a fictional article referring to how it might begin to go down and can be found here. By no means was this all inclusive, the exercise was undertaken to make people think. It was meant only as a start for some or a reminder for others of what you may have forgotten. When Jim requested a review, he finished with the following “GOTS = Get out of the system. It is as or more important than owing gold and be in the system.” Please understand what he is saying, “gold will help but it is not a magic bullet”. Gold is meant to get your wealth “from here to there”. In other words, gold will transport wealth from today into tomorrow. It is up to you to live long enough to get there. Sufficient quantities of water, rice, beans and lead will be more helpful than gold or silver in this department! Do the best you can with what you have, do not beat yourself up because you forgot something …you will. Plan with like minded people or neighbors and don’t mistake what is most important, your family and your spirituality. Do what you can even while being laughed at by your friends and family, in the end, they will “get why you GOTS”! And no matter what your faith or who your God is, make your relationship right because when push comes to shove, there are no atheists in a foxhole! For those who have a belief, this is the Absolute GOTS of them all!
Regards, Bill Holter
Holter-Sinclair Collaboration
Hi Bill,
So comforting to get financial advice from someone with Faith in God. the Bible is clear about the end times (implies economies in turmoil). Totally agree with your perspective, I keep my eyes on my Saviour Jesus Christ for protection, thought there’s nothing wrong in preparing for what’s coming ahead (I do), but I won’t let my heart be troubled by it (at peace).
Find it ironic that the “Babylon” system is attacking Gold and silver, No metal has been more frequently mentioned in Old Testament writings than gold, and none has had more terms applied to it
Your interview on USA watchdog was really good!
kind regards,
Daniel
thanks Daniel.
The old poem ended incorrectly when it said,
“This is the way the world ends, this is the way the world ends- Not with a BANG, but a WHIMPER!”
I disagree- I believe it will be BOTH, though if anyone acts quickly and takes God’s FREE offer that is on the table, they’ll hopefully miss both the bang and the whimper!
yes Bing, an open offer to all!
Bill, one VERY important item that should be listed under GOTS “security” is SILENCE. In other words, KEEP YOUR MOUTH SHUT.
DO NOT talk about your preparations with ANYONE except those that are VERY close to you and most probably part of the process. Caution all those close to you to follow the same “silent” rule.
When the SHTF the less people who know, the safer you will be.
Good luck to all.
true story.
Bill,
There is so much I’m perturbed about (nothing specifically to do with what you wrote), but everything to do with intentional escalation of global instability. Please bear with me if this appears off-the-wall/from-the-left-field.
The new US attorney general Loretta Lynch takes over, whose list of prior deeds should disqualify her from the job…it was a long list made public by Rand Paul at some time. I guess it makes her “more qualified” in these times.
Anyhow, with the rampant corruption going on with CFTC, COMEX and what not…You would think she would throw Jamie Dimon & his cousins from Goldman Sachs, HSBC, Deutsche Bank etc. in jail? What do you suppose her first priority for high-profile act would be? She puts pressure on Switzerland, going after a bunch of corrupts in FIFA, getting them jailed in Switzerland & extradited to US!!! Majority of them are not American citizen (only 2 US citizen among 9?), levels of their corruption crimes directly affecting American people pales in comparison to what Jamie Dimons & Bushes-Clintons have done, and none of their crimes were committed on US soil. Only relevance was, they all used US banking system & US dollar funds to stash dirty money.
I hate dirty corrupts like Sepp Blatter in FIFA, likewise corrupts in IOC (International Olympic Committee) etc. But the real motive here is the fact that Russia is on schedule to hold 2018 FIFA World Cup. Warmongers like John McCain & Victoria Nuland have been itching to get World War III started & hate Russia’s successful Sochi 2014 winter olympics….literally during US sponsored Ukraine bloodshed. Everything is being done to discredit Russia & take away 2018 World Cup away from them, and so all high profile arrests at FIFA. If corruption of international sports bodies is such a big deal (as opposed to COMEX/CFTC), where were US attorney generals arresting Mitt Romney when all dirt about Salt Lake city winter olympic bidding came out? What US attorney general did at FIFA headquarters in Switzerland yesterday smells everything of escalating global tensions & eventually dragging Russia into the equation.
I suppose at the rate things are going, all this 2018 FIFA World Cup stuff may be a moot point. The world might end up sleepwalking into a World War regardless. And China will most certainly hold bigger strings, such that US attorney generals throwing their weight around in Switzerland jurisdictions will become a story of the past.
here is the thing, the Congress was “thrown out” and what have they done? The exact same things they were doing before. The American people have been sold out!
Right, so now the war-machine pays NFL team owners to forcibly lie during NFL telecasts on TV that American soldiers died to protect our “liberties & freedoms”.
And our tax dollars are used to arrest some corrupt Venezuelan FIFA official in Switzerland, because he bribed some other corrupt Royal family in Qatar, and used US banking system & US dollars to launder those funds.
Thomas Jefferson & James Madison are mighty pleased with what convoluted set of circumstances we have arrived at.
…don’t forget baseball.
Hey Bill, I often wonder if the cartel sends signals to their proxies through certain numbers. I noticed gold closed $1188.80 and silver $16.66. Come on now, really, just a coincidence? I know these people love their numbers and all but sheesh.
they send signals ALL THE TIME, this one is pretty funny though, we must be stupid huh?
Bill,
The USA is not the world ruler. We are around 3% of the people on earth, the majority are neither Christians, nor believing in our form of government. So who are we to tell FIFA how they should legally conduct business? Selling a site for a world meet is not inheritantly illegal. Paying money for favors is how our Congress works in practice. It’s the American way for over 100 years.
Since the DOJ can’t indict our biggest criminals like Jamie Dimon, they try to distract us. Silver manipulation is an obvious crime unless we are fascists already. This has gone on too long; we all see through this farce.
we once were…
Gerald Celente said it best in his update today:
“Banksters steal trillions.
FIFA officials steal millions.
Let’s go after the corrupt FIFA & teach them a lesson!”
more behind FIFA than you think, trying to steal away from Russia the next games.
Yes, that’s exactly what I hypothesized in my earlier comment. But now after seeing below tweet from disgusting war-criminal John McCain, it’s not even a hypothesis anymore. This is a fact!
https://twitter.com/SenJohnMcCain/status/603587879114268673
John McCain [Verified account]
@SenJohnMcCain
8:45 AM – 27 May 2015
Sent letter last wk urging #FIFA to elect new Pres & deny Vladimir Putin 2018 #WorldCup while he invades #Ukraine: http://www.mccain.senate.gov/public/index.cfm/press-releases?ID=98e2d06a-c334-4d36-a502-4bf1339a56c1
SENATORS JOHN McCAIN & BOB MENENDEZ CALL ON FIFA CONGRESS TO ELECT NEW FIFA PRESIDENT THAT WOULD DENY RUSSIA 2018 WORLD CUP
This is disgusting on too many levels. It’s making my blood boil. It reminds me of hagglings over hosting of Olympics before/after the world was dragged into 2 horrific World Wars.
England has been fuming since 2010 that FIFA awarded 2018 World Cup to Russia instead of England. England-USA warmongers have tag-teamed together, coming up with a “stooge for the West” candidate to head FIFA. Their desperation for stripping Russia of World Cup gives the confirmation:
War is coming. World War is coming.
Get Out Of The System Now!!!
…and there you have it.
Hate to be at odds with my all time favorite writer on economics, but the advice about God is not good Bill. If there is a God, it matters that we have faith in Him and Him alone. Any God won’t do and neither will faith if it is in the wrong one. If faith is merely a means to calm one’s nerves a damn pill will take care of that.
Again, if there be many gods, lets just have a séance, conjure up some spirits and let them guide us through the upcoming apocalypse. But, if there is a one true God, let’s find Him because only He can be known and proven to be who He says He is. All others would be imposters.
You can prove Him but only to yourself. You can’t prove Him to others but you can point us in the right direction just as you have been faithfully doing in the economic sphere. Otherwise, no advice is better than bad advice.
Sorry John, I know exactly who my God is, I would not be so presumptuous as to tell you who YOURS is. I believe I know but that is up to you and you alone to figure out. I can help you and would be happy to if you’d like! I can even point you to his son who will introduce you if you truly believe. This is not a religious blog but I can help if you’d like?
Bill regarding debt being revalued I think it will have to be devalued to some extent in real world terms (after real inflation is accounted for). One of the reasons things are falling apart is because of debt saturation, there is no way all the mortgages out there could be rolled over in a new currency, the average person could not afford that after their living standards have been reduced to 3rd world status. I do not see the government kicking half the population out of their homes when there’s already a glut of them, this would lead to massive revolt, plus then those people wouldn’t be debt slaves anymore, they would be dirt poor, but free of debt slavery. Of course they could be offered to join the military or something in trade for debt forgiveness if they give up their home but they aren’t going to do that to little old ladies.
I think the debt will be re-issued but at a significant reduction to today’s value so in relation to gold you would be better off buying PM’s using a mortgage right now. However, if there are any punitive taxes or restrictions put on PMs then it may be difficult to convert them to the new currency to pay off your mortgage afterwards. I don’t see these anti-PM rules lasting for very long so if you can weather the first year or two after the reset you may be able to use your PM’s to your advantage to pay off your devalued mortgage.
correct unless the bankers get greedy.
Re: “unless the banksters get greedy” lol that’s a funny one. Here, pull my finger 🙂
no.
Thanks for replying Bill. I thought it was obvious in my response that my own belief is Christian and I had already come to the conclusion that we share the same savior and that is precisely what disturbed me. You know He is a jealous God and will not share His glory with another. Or did you know that?
I am fully aware that you have to be careful in this venue in dealing with matters of faith and I empathize more than you know. That being said, it is not presumptuous to tell anyone who God is if you know Him. Your response to me-except for the presumptuous line-is a good example of good and yet not overbearing advice.
Your writings are the first thing I read when I sit down at my computer every night. I also watch your interviews on Greg Hunter. Obviously, you have my ear and respect.
yes, but as I said, everyone is free to believe in what they believe. I can try to help but it turns more people off than on. Please do not mistake, I know exactly what I personally believe.
Hi Bill
Not sure if you will get this.
Haven’t missed an article or interview ( well i believe so ). Love your work.
Im keen to know how you think Asia will fair. I moved my family back to Thailand from Australia late last year. We have a farm and own a house outright with solar, water and food.
Have nearly everything in Silver and some Gold and are just bunkering down until this comes to pass at the end of this year or early next year.
Made the decision on people like yourself and of course legends like the late great Bob Chapman.
Ive done everything I can think off to prepare where we are now. The Thai’s are pretty awake after ridding themselves of their Washington Proxy ” Shinawatra ” and things are very stable here.
How do you think they will fair with the economic side of things compared to the West?
Thanks again for all your work
thanks Troy, you have made wise choices. I believe it will not be as bad in Asia as in the West.
Thanks Bill for your prompt response.
That was very quick. Not sure what time it is there. I hope you do actually get sleep!
Its nice to get some confirmation from someone on my actions.
It can be a very lonely road, or i guess” The Road Less Travelled ” when one takes a different path than everyone else. I have learnt this over the past few years.
I believe knowledge only becomes Power once it is acted upon.
So many people I know back in Australia would listen to the alternative media like it was a form of entertainment, and all very interesting but seemed to be like deers in the headlights, when it came to taking any real form of action.
I found this very interesting , yet depressing at the same time. It certainly helped me to understand how easly it is for the elite to control the masses. I believe its fear of the unknown that freezes people.
They dont believe that they have the power to change their destiny.
Ive travelled a lot in my life and when i was younger the most addictive thing about travel was getting on a train to a new county and not knowing what was really going to happen that day but been open to any positive possibilites that could be. Those days taught me a lot!
I guess some may think I fortunate to be married to a great Thai women and have good kids who supported the move. I had those options, but it still was a massive decision and undertaking to pull it off. We had a great business and life in Australia.
Im hoping this goes on your site, because if there is someone reading this that feels they cannot make a change and prepare , then they need to think again.
You just need to serioulsy look at what you have , and then create as many options and possibliities as possible, and then of course ” Take Action”.
There are times when Inaction or doing nothing is very powerful, but this is not one of those times!
everyone to one extent or another has the ability to change their destiny!
Bill:
Thanks I got all of the nuances in your reply. you took
a load off my mind. Thanks Again
10-4.
It is a tricky road to travel…
Knowing what we know about the likely outcome is at times a troubling situation.
For some of us the people around us would rather live in denial than deal with the situation.
It is much easier to dismiss than to accept what we say here.
Those that are not following this story closely likely either do not understand or accept what we see.
Push too hard and they get alienated.
The trick is to find a way to prepare without looking like a conspiracy nut.
Very soon the tide will turn. Very soon I suspect that those close to me will begin to take what I say seriously and with cooperation we can soon complete our preparations.
My version of GOTS has been to GET OUT OF DEBT.
Position oneself so that you HAVE NO NEED for banks.
This weekend planting a huge garden and getting ready for a fall breakdown in the system.
Bill:
If China were to claim that they have 5 trillion oak trees and that this lumber should serve as justification for the yuan to be revalued, I would think that even we, as financial observers with no formal powers, would dismiss their claims as foolishness.
Similarly, if China does act in the manner you describe and they provide evidence of having 8k, 10k or even 20k metric tonnes of gold, how does that translate into an automatic revaluing of the yuan. Specifically, what entity or entities decide what lends legitimacy to a fiat currency? Is it central banks, governments, FX markets? Who declares that “…because China has proven gold reserves in such a quantity, it therefore demands revaluation of the yuan”….what’s to prevent that same entity from saying “so what” , like we would do in my lumber scenario above?
Thanks,
Kraig Hotelling
I bet you can figure this one out yourself if you think for 30 seconds.
I have a 401K that I cannot get unless I leave my job so is Fidelity going to laugh at me for requesting “Your equities are held in certificate form or direct registration”. They already chuckled at me for having gold ETF’s with Sprott. I’ll try to request this option.
do you really care what someone else “thinks” about YOUR savings?
Your right, I don’t give a dam about them
Our mortgage obligation will be what we contracted in dollars. I find it hard to believe if I owed $2000/ mo mortgage somehow that will triple or whatever. They can’t do that. They will their mortgage in the crap $ they created . Maybe Rich Sinclair can pay off his mortgage but not us 99 percent! That statement is one of the first really off the mark ones I’ve heard from u guys. Thanks
this was already done in Weimar Germany.
And even if they don’t revalue your mortgage.
Your purchasing power will go down – lower pay. Force major can be used for bank to ask you to pay immediately, or to offer additional collateral. But value of collateral can go down two ways. One is by lower share, home, assets prices. Second is by falling the value of the dollar.
You may loose 90% very fast, almost over the night! You don’t need to go back to Weimar Germany. You have very fresh example in Indonesia 1998 – 90% overnight devaluation + 50% fall in share prices equals 95% in total in 1 month!
Or maybe in Ukraine? I don’t know.
Regards, Al
The notion of the existence of God is ludicrous.
In saying that, I do believe that if we all lived by the teachings of Jesus then the world would be a much better place.
then consider me ludicrous GD.
I doubt that Bill, but if you insist…
Excellent summary. Assuming a strong percentage of physical gold and silver is already secured, any thoughts on the utility of bear ETFs like FAZ, BIS, or the bull gold ETF NUGT?
problem is with FAZ, you get paid in dollars.
Thanks, Bill. The Scripture admonishes the wise to hide from the approach of evil. I much appreciate your time and effort on this.
thanks Kevin.