It is not often I write something as important as what follows. It was said after the last crash that “no one could’ve seen it coming”. This was not so back then and is not so today. If you were looking for the truth in 2007, the average investor had ample warning from many sources warning of what was to come. The warnings are now much louder, far easier to hear and coming from some mainstream and even “official sources”. Are you listening?
After the biggest financial and social crash in history occurs, “they” will say you were warned! Who are “they” and how exactly were we warned? For several years and in particular the last 12 months, the IMF (International Monetary Fund) and the BIS (Bank for International Settlements) have been issuing warning after warning. They have truly warned us as I will show you. Do I believe they did this out of the goodness of their hearts? No, I believe it has been in “c.y.a” fashion followed by their laughter because the sheep have and will sleep through it all until it’s too late.
Thanks to Larry White from www.Lonestarwhitehouse.blogspot.com a full listing of the recent warnings has been compiled and logged. I had seen each one of these over the last year and have even commented on a couple of them but it never really registered with me there were so many. Normally I try not to “link” articles to death, this one is different because it is important you see how many and just how in depth the warnings have been! I will asterisk the three most important articles in my opinion, there have been 16 such warnings over the last 12 months!
July 2014 – BIS –BIS Issues Strong Warning on “Asset Bubbles”
July 2014 – IMF –Bloomberg: IMF Warns of Potential Risks to Global Growth
October 2014 – BIS –“No One Could Foresee this Coming”
October 2014 IMF Direct Blog — What Could Make $3.8 Trillion in global bonds go up in smoke?
October 2014 IMF Report –“Heat Wave”-Rising financial risk in the U.S.
December 2014 – BIS —BIS Warnings on the U.S. Dollar
February 2015 – IMF – Shadow Banking — Another Warning from the IMF – This Time on “Shadow Banking”
March 2015 – Former IMF Peter Doyle – Don’t expect any warning on new crisis -Former IMF Peter Doyle: Don’t Expect any Early Warning from the IMF –
April 2015 IMF – Liquidity Shock –IMF Tells Regulators to Brace for Liquidity Shock
May 2015 BIS – Need New “Rules of the Game” –BIS: Time to Think about New Global Rules of the Game?
June 2015 BIS Credit Risk Report –BIS: New Credit Risk Management Report
June 2015 IMF (Jose Vinals) –IMF’s Vinals Says Central Banks May Have to be Market Makers
July 2015 – IMF – Warns Pension Funds Could Pose Systemic Risk (no blog article) –IMF warns pension funds could pose systemic risks to the US
And there you have it in black and white! You have been warned! MANY TIMES in fact…and from the most inside and official of sources! Yet on a daily basis we hear from our own mainstream press, Washington and Wall St. …don’t worry be happy! These are very real articles with well thought out and cogent logic. They are not to be ignored!
One piece by the BIS last October talked about the “no one could have seen it coming” meme we heard so often back in 2008-09. THEY see it coming and have been telling you for over a year! Please understand this, the BIS is the central bank for central banks. No one knows the inside situation (particularly in derivatives) better than they do. If you don’t believe me or others who have worked so hard to get the warnings out, listen to what both the BIS and IMF are telling you. They have gotten out in front of this and will only say “we tried to warn you” after the fact.
Hi Bill
Thanks for your efforts to inform us. There does not seem to be any consensus on how to prepare. Many older people 75/80 are more or less locked into 401k’s. (big tax hit to get out). If you have a spouse to worry about you are stuck. At 80 years and above what is your opinion as to the % that should be in precious metals-this is not advice,it is an opinion.
Thanks again, keep up the good work.
Regards DJ
Donald, as long as you have cash to live on, I do not think you can have too much nor too high a percentage in PMs. Standing Watch, Bill
Wow, I didn’t realize all that was out there. I heard them suggest the US not raise rates but didn’t see all that. And I quasi pay attention. You, Andy and the other guys are very appreciated sharing your vast financial knowledge with us minions.
I knew and had read each one but the combined total sort of snuck up on me. Thanks to Larry White for putting this together.
Donald,
Bill cannot answer that question for you. You have to figure out, at your core, how confident you are that the system is or is not going to make it. If you knew for sure the thing would collapse next month how tough of a decision would this be? What if PM prices are 10 times the current value, would you cash out and buy some then? Why is the tax hit even part of the equation? So what, you lose 25% to 30% but you gain metal at a price below production. I’d say cash it all out except the bare minimum required to live on until the SHTF. If that’s too extreme, then do a little each quarter and dollar cost average in. Either way, it is a choice that only you can make. If it’s another 5 years before it falls apart, you had better be OK with that too. It’s better to be 5 years too early than 5 seconds too late. There is no prize for 2nd place in this endeavor.
correct Mark!
“I will asterisk the three most important articles in my opinion” Bill,I can find no asterisks?
look to the left of the 16 links, there are asterisks next to 3 of them.
Hi Bob,
Here are the three articles emphasized by Bill:
********December 2014 – BIS –BIS Issues a new warning on markets
*******April 2015 IMF – Liquidity Shock –IMF Tells Regulators to Brace for Liquidity Shock
*******BIS June 2015 (UK Telegrahph, no blog article) –The world is defenceless against the next financial crisis, warns BIS
Thanks again for another eye opener. Will be shared pronto. Why does that picture of the BIS remind me of a nuclear power plant about to go critical?
I thought it looked like Dr. Seuss’s hat for Cat in the Hat.
Bill;
THANKS!!!!
Now, Gerald celente said he had a gold allocated account with MF Global, ie J. Chorazine, and he got a “MARGINE CALL”
Can u explain to me andd a few of my friends what this margin call is, works, in simple easy to understand words.
thanks
he borrowed against the gold and when gold dropped in price he had to put up funds to keep the ratio of equity above a specified level ie. 50% equity to total value.
bill
thanks al
They warn but they can bring the system down anytime they want. Is it possible they can short the market just before collapsing everything and make huge gains as the 17 trillion in the people’s iras, 401k’s and pension funds get drained? Then the middle class is financially whacked down on their knees for the final blow and then the population is just totally controlled by a totalitarian system? Sounds harsh but why not think this way? Power and complete control especially if they can get the guns.
shorting puts selling pressure on. Could even be a cause to the crash in these fragile times?
Bill,
We have been warned for years, but it seems as if not too many folks are listening or that they have been warned for so long that they now believe the warnings are not of any value.
They say that the movies have warnings in them, but I stopped going to the movies years ago, so I don’t know about that.
I personally thank you for warning us for years as I 100% believe the collapse is not that far away. I would love to be wrong, but I am some what expecting it any way.
I wish we were wrong also, unfortunately not the case.
I try to explain to friends and family about the reduced buying power of their fiat currency, but they are blinded by the word “inflation” – the government has thoroughly indoctrinated them to believe that inflation just means “rising food prices”, and it tells them every day that this is not happening. So I have switched tactics.
I now instead describe “value dilution”. For example…..
10% bigger but 15% pricier
20% smaller but only 10% cheaper
The same price for the same size package, but emptier
“Compressed” deodorant and “concentrated” washing liquid – less product for the same price
The same price and size and fullness, but lower quality
And their latest trick…packaging that rips unpredictably so a food item will remain exposed to the air and deteriorate faster.
If you present these commercial tactics as “inflation”, people cannot understand.
The term “value dilution” works better.
…or “fraud”.
Awh Bill, now I see you were only jokin’ when you said you had no more bad news.
I would much rather make money the old, old fashion way (production, not speculation); but what the heck, a little speculation won’t hurt since you have us correctly positioned and besides a little spec gain from those who have been profiteering from producers for years can’t be a bad thing.
Hi Bill,
Just back from my extended trip to Europe.
What an eye opener….
Watched only MSM news while away but what blew me away was the ABSOLUTE omission of what had really occurred that was news worthy while I was away.
For those that only watch MSM they are totally unaware of what really goes on.
Nice to be home and now catching up to what I missed.
Time is ticking away and Desperation moves are everywhere to be seen.
welcome back to Wonderland!