Tuesday, April 29, 2014

Don't Blame The Free Market or Capitalism

"We don't have free markets, and we haven't had since 1913. You can not have free markets if you don't have free market money.

The currency is 50% of every transaction there is in society, and if you hjave a small group of men at the central bank having a meeting each month (in the United States it's the FOMC) deciding how much currency there is going to be in the system, and what the cost of that currency is (the interest rate) - that's a manipulated market by definition.

There is no transaction in society that is not manipulated. When people say that the free markets are failing - we do not have free markets. When people say that capitalism isn't working - we don't have capitalism, we've got cronyism. We've got special favors being granted by Congress to the people that lobby them. It skews the economy, and creates all of these artificial bubbles that end up popping, and everybody loves living in a bubble - so they just want the Fed to create the next one."

- Mike Maloney, Indian Wells 2014

Saturday, April 26, 2014

There is No Possible Scenario in Which Gold and Silver do Not Rise

"So will this fight end with the precious metals winning by technical decision as gold and silver rise to astronomical heights while they do their accounting but still allow fiat currencies to survive? Or will it be knockout blow, the death of fiat currencies?

The difference will decide whether the wealth transfer will be just huge, or absolutely gargantuan.

But it really doesn't matter, because: There is no possible scenario in which gold and silver do not rise."

- Mike Maloney, Guide to Investing in Gold & Silver - Page 198

Wednesday, April 23, 2014

Bulletproofing Your Silver & Gold IRA

Did you know you can buy physical gold and silver for your IRA?
Yes, the U.S. Government allows you to invest in gold and silver bullion for retirement purposes with income tax advantages using an Individual Retirement Account (IRA).

- Source, Gold Silver:

Sunday, April 20, 2014

What Happened in Cyprus, is that Going to Happen in Some Other Countries?

The G20 and other nations have and are actively putting into place legal frameworks for future bank bail-ins.

National bank deposit insurance programs ( like the FDIC in the U.S.A. ) will most likely not be sufficient in the next major financial crisis.

In this day and age, it may be prudent to keep only enough cash reserves in banking institutions to cover one's opertating expenses.

Given the facts, it is our individual responsabilty to ensure our savings are not taken from us.

It is essential we cut out as many untrustworthy counterparties as possible.

Silver and Gold Bullion in hand give us much needed bank bail-in protection and true first-hand autonomy over our wealth.

- Source, James Anderson of Mike Maloneys Gold Silver.com

Thursday, April 17, 2014

Governments To Steal Your Bank Account?

"What happened in Cyprus? Is that going to happen in other countries?" "Absolutely."

'The idea that we have, that we are absolved of responsibility for our own financial future - in other words: if we're stupid enough to put money in a bank, that has too poor of an equity slice, the bank goes upside down....we're unsecured creditors of a moron, which makes us a double moron. We ought to be punished for that stupidity." - Rick Rule

- Source, The Hidden Secrets of Money:

Monday, April 14, 2014

What is a Bank Bail-in?

Put simply... if your bank goes bust, a percentage of your deposits or savings could be taken from you to help ensure the solvency of the bank.

Most people don't know it, but a bank depositor (someone with a checking or savings account) is an unsecured creditor to the bank.

If a bank or brokerage goes bust, unsecured depositors are some of the last creditors in line with very little sway in legal proceedings (think MF Global account holders).

Bank bail-ins have already occurred in countries like Cyprus.

Listen to what experts Mike Maloney and Rick Rule (of Sprott Global) had to say when asked...

- Source: James Anderson of Mike Maloney's Gold Silver.com

Wednesday, April 2, 2014

Bitcoin Destroys Banking Leeches

Whether they admit it or not, Bitcoin has put the fear of God into the banking system. Why? Because it threatens to remove them from the equation, plain and simple. Many people have now heard of Bitcoin and have a grasp of what it is...but the big question is, do they realize the potential for crypto-currencies to remove massive inefficiencies from just about every area of banking and finance? 

Whether it is Bitcoin or some other type of crypto currency, the banking sector knows one thing for sure: The genie is out of the bottle.