Precious Metals New Thread 2.0

Its hard to tell when it will happen. It could be another 10 years before this whole system implodes on itself...

 

Get ready for the fiat crash by buying as much gold and silver you can find. Once the dollar gets replaced by the global Yuan we will be forced to trade our coins for food and fuel. Stock up now!

 

BUY THE AMERO NOW!!!!

https://www.swissamerica.com/offer/amero.php

 

GET READY: Obama To Implement The New American Currency Called The ‘Amero’
Posted by Randy in News


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The Racket Report – GET READY: Obama To Implement The New American Currency Called The ‘Amero’.

The House approved a $1.1 trillion spending bill that keeps the government open through September 2015.

The current US national debt is $18,236,030,901,177. The UsDebtClock.org clock that shows the US debt in real time, was moving up so quickly that by the time you read this, this number will have drastically increased.

In 2008, the United States government began printing a new currency called the ‘Amero’. The North American Monetary Union is a economic and monetary union of three North American countries: Canada, the United States and Mexico.

It was reported that in 2008 the US Secretary of Treasury informed the China Development Bank that the US had shipped $800 billion of the new currency to their country in exchange for $400 billion of this debt.

Lou Dobbs, a former commentator for CNN, had claimed in the past that a “North American Union” was being implemented, without the knowledge and consent of the majority of the people who would be affected by this. The union, he and others claim, included this common currency the ‘Amero.’

However, it’s not so secret anymore. With this soon to be formed single North American Union, dollars and pesos will be replaced with this new North American currency.

This new “superstate” would erase the current borders, allowing each country to freely travel back and forth between countries without question.

Some that are in favor of the ‘Amero’ say this will be good for America, bringing back jobs to the country. Corporations would no longer have to send manufacturing jobs to Mexico for the cheap labor.

Others say the government is planning to use this as a form of control. When the money is switched, this will bring a world crisis, starting in the USA, then moving to the rest of the world.

Our debt is so large, that the rest of the world will have to accept pennies on the dollar for the money that we owe because the value of the dollar has dropped so drastically.

And we, the US citizens, will have to accept pennies on the dollar for the money we have held in the US banking system. Experts say this may cause massive upheaval in the US, forcing the White House to declare martial law. Get ready, it’s coming.



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- See more at: http://theracketreport.com/get-read...n-currency-called-amero/#sthash.SXbZV5pj.dpuf

 

Old news, from 2015!

 

Oh it's coming! The world has to replace all their currency. Load up on cons today or you won;t have any food to eat next year. Paper money is dead!

 

It's not going to be 10 years, the cracks are starting now....
PMs should move up the first leg this year...
gold hit a 12 month today....
PMs won't go up till the system breaks and it's cracking right now...
It will come down to if they get things back on track or loose control...

 

you'll have food to eat it will just cost you twice as much...
Inflation won't be the end of the world just a big pain in the ass but partly avoidable....
Golds at a 12 month high and broke out of it's bear pattern and a lot of mining stocks are taking off also, so PMs are on track early..
I was planning on another year or so of PMs bear market but it looks like PMs bottomed in December....
So the big money might be finally flipping to PMs to prepare for 2016-2017...

So if PMs don't correct shortly I would stop screwing around and buy the easy trade...

 

Who knows what nonsense these crooks will pull...
Now they want to get rid of all cash... So they can go to negatives rates and/or revalue the money...
Just depends on how stupid the masses are to fall for the next scam...

I don't have a criminal mind so I can't anticipate all their tricks....
All I can do is to try my best to protect myself from all this nonsense..

 

Scary...

The fed may realize they need to go negative. This would cause a bank run.

In an effort for the Fed/Gubment to save the banks, they can impose capital control and freeze everybody's accounts. They then might impose 'borrowing' a % of people's account balance with a 'promise to pay back'. The issue with that is their 'payback' would be diminished in terms of future dollar value.

 

Just ask Cyprus and Greece how fun it is having their money stolen.........

 

Canada just sold its gold. The Canadian government holds just 77 ounces. Doh!

http://www.fin.gc.ca/n16/16-030-eng.asp

 

It's crazy, these western gov idiots....

 

not good for Canada. One less reserve they can count on. At least they are honest with what they have/don't have.

Many countries, including the US, have 'overstated' the amount of bullion they physically hold. If Germany, for example, demands the bullion the US has been 'holding' for them, the US will likely default cause the US doesn't have what is owed.

Extreme upside potential for bullion investors.

 

If you noticed Canada is fairly well diversified everywhere else. It's not a cash grab but a change in holdings. Maybe it's the wrong thing to do. Maybe we will know in 8 years.

I'm wondering how this will effect Maple production though...

 

Maybe they trust fiat currencies more than gold.

Or, maybe they are preparing for the dollar to collapse don't want the people of Canada to have their gold when it happens.

 

Or maybe fiat currencies won't fail. Or maybe the sky isn't falling. Or maybe the stock markets won;t crash. And maybe just maybe Steve is out of his mind.

 

Or maybe, there are REAL economic issues going on.

 

I have no doubt there are economic issues. Where I disagree is the clamoring about the failure of the USD and fiat currencies worldwide and a skyrocketing precious metal market. For months Steve has been posting videos of such nonsense and I'm wondering when it will come to fruition.

 

Silver breaks Lower - Gold and PM Stocks Set to Plunge

By: Clive Maund

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-- Published: Sunday, 28 February 2016 | E-Mail | Print



In the latest Gold and Silver Market updates, posted last weekend, the view was expressed that an intermediate top was forming gold and silver, not a bull Flag as some were suggesting, and the latest COT data not only confirms this view, but suggests that a severe drop is imminent, and it already started in silver on Friday. Fortunately we exited most of our long positions in the sector, many at a handsome profit, over the past 2 weeks, having spotted the danger.

The latest 1-year chart for gold is – or should be – alarming for those still long the sector. It shows gold churning having hit a target after a parabolic slingshot move that resulted in it becoming heavily overbought. Now it is vulnerable to a reaction which the latest COTs suggest will be heavy. Breakdown from the parabola will likely lead to a dramatic plunge.