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Impending Financial Collapse – The Grand Finale: Here Is What Is About To Happen To You…An Economic Love Story, or Fifty Shades of Green?

God Like Productions – by Saddletramp

Here Is What Is About To Happen To You…

Okay, I’m going to save time for those of you who piss and moan about “Wall of Text” OP’s. I’m going to give a synopsis right up front for all of you Fluoridated, ADHD medicated, passer-by trolls that just come to financial posts on GLP to say, “You Can’t Eat Silver!”  

The Synopsis of this thread is: You’re f#@ked!

There, now you can go on and go view the latest post on Jay-Z, or Dennis Rodman, or the Nobody, or what-the-f#@k-ever…Goodbye and God-Speed.

For the rest of you that want to know what’s about to happen to your finances, hell to life as you know it, follow me down the rabbit hole for a moment. I will assure you that the time you take reading this post will be time well spent.

First, let me remind you, I don’t post timing predictions willy-nilly on financial matters. I have a Youtube channel and a Blog that some people actually come to for legitimate advice, so I try to stay away from the “timing game” regarding financial matters as much as I can, because it can always change through unforeseen circumstances and financial moves by the Central Banks. They keep their plans fluid people, and they have all the time in the world. That being said, the reason I feel fairly confident in posting this rough sketch timing of the next big financial event is because it is already in motion…

Second, let’s go over the evidence we have already collected of this well planned financial crisis that is coming at us like a freight train in a tunnel.

The Evidence

I could go all the way back to the creation of the Federal Reserve Bank in 1913 and bring you forward to the point we are at now, but you already know about this stuff, and if you have any questions regarding long past financial events that relate to our current situation, then I will try as best I can to address those questions on this thread. For purposes of brevity, I’m going to stick to recent financial news and how it relates to the coming financial reset, but please understand, all of those past moves that I’m not discussing here from 1913 to present are still part of this equation, a big part. So keep them in mind as you read on.

2010 to the Present, Capital Controls: In 2010 The United States began printing a new series of $100 bills (for information on that series just Google: The New $100 Bill, and you will get all the info you need), but they don’t begin circulating the new $100 bill, they just printed them by the pallet load and put them in storage. Meanwhile, they enact Capital Controls in 2011 through a hefty sur-tax on money leaving the country and going to places like Belize, and other favorite spots for Ex-Patriots, those capital controls went into effect at the beginning of 2012. Also during this time they are pulling worn and torn $100 bills out of the system at record rates, pulling down the amount of actual U.S. currency on the world market, all while flooding that same world market with electronically generated computer dollars. The bottom line to all of these moves is; DURING THE LAST THREE YEARS CAPITAL CONTROLS HAVE BEEN STEALTHFULLY PUT INTO PLACE AND MADE FULLY FUNCTIONAL IN THE USA!

Also, an interesting side note on the Capital Controls issue, they have decided to release into circulation the new $100 bill beginning in October of 2013, keep this date in mind as you read on.

2010 to the Present, Financial Regulations: In 2010 the United States passed the Dodd-Frank Financial Reform Act, and similar regulations were passed by England, the European Union, and most other developed countries. Despite all of the “Consumer Protection” hoopla surrounding these financial reforms, they were decidedly not consumer friendly. In point of fact, they were quite the opposite. Essentially what these regulations have done is totally changed the nature of the banking relationship. You are no longer a “depositor” at your financial institution; you are now an “unsecured creditor” of your bank. This doesn’t seem like much of a change until you also put together the way they have changed the method by which they reorganize a “systemically important” bank or financial company when it defaults. In the past, with regards to FDIC insured deposits at banks, if you had more money on deposit than was covered by the FDIC insurance, you might not get all of your money over $250,000 back, but you were first in line to get your money back from the liquidation of the other assets of the bank. Now, you are moved to the very back of the line, and any money over $250,000 dollars will most likely be replaced with stock certificates in a worthless shell company organized by the FDIC to hold all of the banks “bad assets” after post default reorganization. We all saw test runs of this with MF Global, and in Cyprus, and the tests went pretty much according to plan except, with regards to Cyprus, that much of the Russian Mafia money was allowed to flee the country through branches in other countries. These problems were promptly fixed by quiet new banking regulations involving out of country branches of a bank organized in another country.

Also, with regards to financial regulation, the Bank of International Settlements, the shadowy Central Bank of Central Banks, in Basel, Switzerland has passed a new set of Basel Banking Regulations that they began working on in 2010, called Basel III. Now you can read up about Basel III if you like, but in a nutshell what it does is put severe leverage restrictions and increased capital requirements on banks within the BIS structure (which is virtually all of the developed world). Now the European Union and the USA have been tinkering with the wording of these regulations since the last half of 2012, basically not changing them in any real fashion, but more looking for the right time to implement them. It now appears that that timing will be at the end of Q2 or the beginning of Q3, 2013. This will mean that during Q3 or Q4 of 2013, expect to see a massive credit freeze happen. Now, do you remember the date of circulation for the new $100 bill?

If you have any questions about the power of these Basel Banking Regulations you can also see the effects that Basel II and 2.5, mark to market accounting, had on the Housing Markets in the United States of America in 2008. There were many causes for that housing bubble, then housing crisis, but Basel II and 2.5 was most assuredly the pin that popped the housing bubble that led to the financial crisis of 2008-09.

2010 to Present, Financial Events: There have been many financial events that have caused economists and traders to false start, then false start again on predictions of doom, but all of these events have seemingly been blown away by the massive Bull Market in the United States and China. Traders and Economists have complained ad-nauseum that these markets simply don’t seem to have any relationship anymore to the actual economic environment, and they are right. These markets are wholly bought out with massive printing of electronic fiat dollars by monolithic financial institutions associated with the Federal Reserve and fully controlled by high frequency computer trading algorithms. The equity markets, and other fractional reserve markets such as precious metals, bear no relationship to the economy anymore. And despite the Quantitative Easing cheerleaders on the TV and in the financial forums, that is simply a fact.

There are many events in the financial markets that have transpired over the last two years that were signals of impending crisis, in fact so many that I simply don’t have the time, nor do you, to go over all of them. So I will choose three recent events that have been very large signals to me of what is to come for the world economy.

First, Cyprus: As I stated before, Cyprus was a test run of the new financial regulations of the European Union in much the same way that MF Global was in the United States, but it was also a signal to those in the know, that you had better get your money out of the banks! I won’t go over it again, but rest assuredly; this was a major recent signal.

Second, The Orchestrated Take-Down of Precious Metals: This was a move that may have well backfired on the Financial Cartel, in a sense. In seeking to take down the level of Precious Metal to allow for more inflation of these same metals later on (when it is needed to expand a currency that they decide to back with PM’s), they sought to also transfer the remaining private ownership of these metals from what we in the financial world call, “Weak Hands to Strong Arms”. It started with financial talking heads on TV trashing Gold and Silver as an investment for almost two months, and it then culminated with Black Friday in the commodity pits. What they never expected was that stackers would actually try to take that opportunity to load up on metals. They never expected the Physical Market to stabilize, and then push the paper market higher. They never expected the immediate disconnect of spot price in relation to physical price that happened and is still happening almost a month later. However, the move still serves a purpose for the Financial Cartel, it put all of the markets, including the bond markets and derivative markets, on tenuous footing, and it allowed for Banks to load up on physical metals at a cheap price for compliance with Basel III Capital Requirements. Unfortunately for the Cartel boys though, they may well have sacrificed the COMEX, their controlled price discovery system, in this transaction. But I doubt it matters much in the long run to them, as the COMEX was already dead the moment this plan was put into place. This move in PM’s was another huge signal of what’s to come, and if you will bear with me, I will tie it all together as we move through my scenario.

Third, The Ongoing Bond Implosion in Japan: Now this is a financial story that is still developing, but it is progressing at a rapid rate. Japan is the most leveraged country in the world, and their economy has been constantly controlled by the Financial Cartel, and virtually stagnate for almost twenty years now. Japan has been ripe to fall off of the tree for a long time, so it only makes sense that any bond and/or derivative market collapse would begin here. Japan is leading in the race to the bottom of currency degradation in the world currency wars, and they are the trigger that will cause the debt markets in Europe to implode, and then shortly thereafter, the debt markets in the USA. I’ve been saying for a couple of years now, and I still say, if you want to know the timing of all of this, watch Japan.

So, while there were obviously many more financial events that have transpired over the last three years that are slowly leading us to this cliff of financial oblivion that we now stand at the precipice of, these three alone are enough to help us with our conclusion.

Problem, Reaction, Solution; a Hegelian Love Story: So you say, fine, you’ve shown us a bunch of individual and apparently unrelated pieces of evidence of economic disaster, but yet we are still here. We are still standing despite it all.

Here’s where we tie it all together. You see the economic world moves in cycles, just like everything else in the Universe, and when we were using a more modified Austrian model of economics our economies moved in a 20-30 year cycle, but after WWII that all changed, because when the Austrian cycle came rolling around again for the World Reserve Currency in the 1970’s the financial cartel did something that would forever alter the path of human development, they pulled the worlds reserve currency, the U.S. Dollar, off of the gold standard, replaced it with the petro-dollar, and moved all world currencies to a totally fiat Keynesian economic system. This allowed for exponential expansion of currency and capital that was previously only dreamed of in Austrian circles, but it also allowed for the expansion of debt to never before imagined levels. And this is where we are today.

So Here’s The Problem: Debt; more debt has been created under this ever inflating system of Keynesian Economics and it’s fractional reserve banking than can ever be paid off. More debt exists on this planet than money exists to pay it off. So how do we cure something that can no longer be cured through economic expansion? Because you see, economic expansion, inflation, is the only way things are cured in a Keynesian System. So this leaves one to ask, how does the Financial Cartel take down a monolithic skyscraper of debt that they’ve built all they way up to the heavens, but has become structurally unsound at its foundation without taking themselves out in the process?

Controlled demolition, that’s how.

Of course what I’m talking about there is the real problem, not the problem you will hear about in the news.

Hyperinflation is not ordinary expansive inflation like we are used to in a Keynesian system. It’s not even runaway growth. Hyperinflation is the loss of confidence in a currency. In this case, following an implosion in world bond markets, and a subsequent deflation of the world derivative markets, the world will lose faith in all fiat currencies. Hyperinflation will ensue around the world. Economic premises that we are familiar with, that we are used too, financial relationships, like those of inflation to growth in equity markets, will become useless, and will in fact work in an entirely opposite manner of the way they worked before a loss of confidence. Imagine Market deflation while the value of the currency is dropping like a stone. Market deflation while prices for basic commodities and finished products are going through the roof. While interest is being jacked up on a daily basis to try and stave off the ravaging beast of inflation. If you don’t think this is possible, simply look to the fall of the USSR and Argentina for modern examples of this economic time bomb at work. Hyperinflation will be the one and only thing on the mind of every person of the world, and they will be beating that dead horse back to death nightly on every TV screen around the world.

So how does hyperinflation happen? Many people thought printing money would cause hyperinflation, and if that money had actually been let loose in the street economy, it would have. But that money was tightly controlled by a select few and disseminated into the system through financial instruments rather than loans to business. But now the tipping point has been reached, we cannot grow our way out of this mess with stocks and derivatives, and yet we cannot put that money into the hands of small business, they would only ravage big business and steal their market share. The system is full, the over-arching cycles of energy and food production are all moving into decline, and that will in turn move populations into decline. There are simply no “Consumers” left to exploit, the edges of our economic habitat have been found and fully explored. There is simply no where left to grow.

So without growth in the Keynesian system comes deflation, but they’ve stalled that deflation with artificial money printing that has propped up markets that long ago should have collapsed under the weight of their own hubris. So it, the deflation, transfers itself to the only place it can, the credit markets, sovereign debt, bonds! And so the loss of confidence begins in the bond markets, with the losses piling over into the titanic fantasy world of the derivative markets.

Derivative Markets, the only place on Earth where you could find someone to buy an option on Unicorn futures.

The Reaction of the Sheeples: It begins in the Japanese bond and derivative markets, and after that it cascades across the continent back to Europe, and anywhere else that debt exceeds an ever shrinking manageability level. Once Europe is fully enveloped in this credit crisis, expect America to follow suit soon thereafter, probably within six weeks. Interest rates on Bonds will skyrocket, leading to increases in interest rates for Residential and Commercial Property Mortgages. Soon interest will have to increase on all loans, including inter-bank lending. Once Basel III is thrown into the mix, there will be credit freezes due to decreased leverage and increased capital requirement for banks. Banks are no longer allowed to expand their way out of trouble, that’s too dangerous now, too many rogue elements out there for that.

Physical commodities begin to bring an ever widening premium over the paper markets. Electronic cash is still abundant, but actual paper currency becomes harder and harder to come by in this shadow world of capital controls. Central Banks end printing and begin to pull back on the reins, trying to tighten their money supplies. Prices at the gas station and at the grocery store explode, corporate profits implode and the equity markets tank. People’s savings and investments, their ever precious Pensions, 401k’s, and IRA’s begin to evaporate into the cyclone of a deflating debt bubble. People are losing their entire life savings and their house, the main source of their net worth, is now becoming worthless as well because no one can get a loan to buy a house, and even if they could, they couldn’t afford the ever increasing interest, you see because banks are now refusing to fix rates for more than three months because of the spiraling inflation.

Civil unrest follows as people lose their entire life’s work in a matter of weeks. People are demanding a solution to this economic disaster; they are demanding that the same system that put them into this mess be saved so that they can save something, anything, after the fall. Unemployment skyrockets as companies lose market share and credit markets dry up. It’s murder and mayhem, cities are burning, some are even claiming it’s Armageddon.

The Economic powers of the world schedule a meeting to solve this economic debt crisis and bring the hyperinflating major currencies of the world under control.

The Solution, Brought To You By Your Good Friends At The World Financial Cartel: The problem is now clear, forget the debt, forget the credit freeze, forget all the stuff that brought us here, it’s now obviously a currency crisis we face. But it just so happens, they have a solution ready to roll out. Of course they will have to jawbone it for a while to make it look good for the masses, but here’s what they’re going to do, just as soon as you’re hurting bad enough to accept it of course.

So the following is their solution to the problem they created, or something very equivalent.

First: They will create a world body, or use one of their world bodies they’ve already created, to manage world currencies and the amount of those currencies in circulation.

Second: any country that agrees to enter into, and abide by, an agreement to allow this “world body” to control the amount of that country’s, or Union’s, currency in circulation according to rules prescribed in the agreement will receive a huge discount in the amount of their sovereign debt owed. Probably something in the order of an instant haircut to bond holders of 50%, or in some instances, even more. This is probably also the point where governments begin to nationalize retirement accounts. For the people’s safety of course.

Third: all participating currencies of each country will from that point on be backed by a basket of commodities specific to that country or union. For instance, Great Britain and China, who lack many natural resources, will probably back their currency primarily with gold and silver, while other countries that are richer in natural resources, like the United States, will probably back their currency with a basket of commodities such as energy reserves, real estate, mineral reserves, and possibly some percentage of gold and silver. These currencies would all be pegged together with this circulation agreement and the amount of currency in circulation would only fluctuate according to the value of the commodities pledged by the country as determined by the open markets.

Fourth: all excess liquidity over and above the prescribed circulation limits in the agreement will be removed from the system. So they will have to have the people using these “New” backed currencies around the world turn in their old currency, at (for example sake only) say $200 old, for $100 new (now again think of why they are waiting until October to release the new $100 bill which they have been printing for three years now), of course this will be easy with your bank account and investment accounts, they will simply slash the amount of money in your account by the prescribed percentage with the keystroke of a computer (and in case you’ve been wondering why all of the bank systems have had so much trouble lately, it’s because the software capability to do this was being installed and the accounts that need to be flagged and watched have already been identified).

Fifth: all of the resources and commodities used to back the currency of the country will be placed under the defacto control of the Central Bank that issues the currency, and thereby the BIS (Bank of International Settlements), so that countries themselves cannot cheat this agreement by pledging or selling off their resources by any manner other than that prescribed by the agreement.

A Hegelian Love Story: So that’s that, and in the end they will control all of the resources of the world because that’s what they always wanted from the beginning anyway. And the people of the world, well most of them will get down on their knee’s to thank them for saving a system that left them almost broke and penniless after a lifetime of work; all because at least some small pittance of their Pension or their 401k was saved and left in their possession. After all, the problem was worldwide, so obviously we needed some vestige of World Government to solve this, right?!?!?

Nathaniel Rothschild said, “Give me control over a nations currency, and I care not who makes its laws.”

Now they will say, “Give me control over a nations resources, and we will destroy that antiquated notion of national sovereignty.”

So when this is all said and done they will not only have control of the currencies of the world, (essentially meaning a one world currency, with familiar national denominations so as not to alarm the Conspiracy Theorists) they will also have control of the resources of the entire world to mete out as they see fit.

If that doesn’t chill you to the bone, then you my friend have not been paying very close attention to the world outside of your office or home recently. Because they will also use this chaotic opportunity to roll out the worst parts of their tyrannical scientific machine of control, all in the public good of course. Only to protect you – and them – from any reprisals from the fringe elements of society that demand things like “Freedom” and “Self-Determination”. Outlaw concepts of a bygone era. And the complaint media will parrot this line, and the people, sad though it may be, when presented with their futures going up in the fires of national currencies, will go along as well. Because the failure of this system would leave them penniless and without means; freedom be damned after all, I might lose my spot at the country club!

For those of you who think this could never happen, you need only research in depth what they’ve done as far as Financial Reform and Regulation since 2010. Of course the media isn’t telling you what’s going on, so you have to look these things up, but when you look at the evidence, the laws and regulations they’ve passed since 2010, the financial moves they’ve made, objectively; well I challenge you to find any other reasonable conclusion. In writing this I have also relied on other things as well though, such as information from personal friends still in the mix in banking circles. Not surprisingly though with much of this information in hand, even these people, some very high up people, in banking circles, don’t have a full understanding of what’s coming down the pipe. It’s called compartmentalization, and game theory. It’s knowing what you can do to provoke a certain response in your opponent or even someone working for you; they’ve been doing it for ages.

Regardless of the nay-sayer’s that will undoubtedly make their way to this thread may say, I stand firmly by the conclusions I have reached. So much so, that I am betting my livelihood and life savings on it. This scenario is going to happen, I’ve never been more convinced of anything in my life, but when will it happen?

Conclusions and Solutions, Falling Out Of Love: My best guess as far as timing regarding the scenario I have placed before you is that by the end of Q3 2013 we will be in it like a fully involved fire. By Q4 2013 Chaos in the financial markets and on the street will be the order of the day. Tyranny will reign in the name of protection and security. How fast certain elements of this go, I cannot say, there are simply too many variables at play to make a definitive prediction. Just say this, by the end of 2013, you will know the direction this is headed with absolute clarity, and because you took the time to read this, you will know that I was right, and you will at least know what you should have done, or perhaps you will even have done it.

Stop looking for fast money in this market, yes there will still be a few opportunities for a fast buck available, but don’t tie up and waste your resources with that anymore. Buy and hold is the order of the day now. If you have available funds here is what I would do, you can take it as a recommendation if you like, but I have to say, I’m not a licensed investment adviser, so I don’t offer it as recommendation, merely as an example of my financial strategy for the next two to five years.

With any “available” funds, I would first pay off any debt I had. Interest rates will likely be going up in the very near future, and if you were waiting for a signal of that to pay off some cheap interest debt you have, then consider the recent bond movements in U.S. Treasuries and Japanese Bonds as your signal. Interest will be going up in short order, but I also wouldn’t keep a lot of money in the bank. Trying to capture money through interest on savings is liable to become a dangerous game in the scenario I’ve laid out, as there will very likely be many bank closures forthcoming, and credit disruptions in the banking industry.

Second, I would buy non-perishable food. I don’t think you will have to have years and years’ worth in stock according to this scenario, but six months certainly wouldn’t hurt.

Third, I would keep enough paper currency for one or two month’s expenses, the rest I would put into commodities that you can hold physically. For most, that is gold or silver, but if you have land that you can grow crops or livestock on that might also mean extra fuel, feed, seed, or animals for consumption.

Fourth, if I had more saved than would pay for three years expenses, I would take that excess and buy agricultural land. NOT SECOND/RENTAL HOUSES OR COMMERCIAL REAL ESTATE. If the agricultural land you choose has a house, so much the better, but don’t buy it just because of a house, or buy anything in the way of land with the idea of re-selling it in the next five to ten years, buy it with the idea of living on it for the next five to ten years, then re-assess your position in relation to the economy.

Well that’s it, I’m sorry it was so long, but it’s a big subject. I hope it will help you and perhaps generate some critical thinking out there. More than anything I just hope it helps. If one person gets a head’s up from me, then I consider my mission accomplished.

Nothing about this is going to be easy, time tables will change as circumstances arise, chaos will be the order of the day. Wars may even start over this. So I hope you will all stay safe, brave new world or no, because remember, in the end; The New World Order will be run by the same people that brought you The Old World Order…

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32 Responses to Impending Financial Collapse – The Grand Finale: Here Is What Is About To Happen To You…An Economic Love Story, or Fifty Shades of Green?

  1. Monnie says:

    The governments capable of doing all you say—and I agree with most of this—have thought of how to handle “noncompliants” who “hoard” PMs, food, etc. They will have the media brainwash the sheeple to condemn “preppers” as selfish traitors. Obamatrons will say that no one should be allowed to have more than he “needs”.

    • Dave says:

      Exactly.
      Those with some smarts who stored food, gold & guns will be portrayed and vilified as “selfish & a threat to stability & our children” along with the reason why there’s no food or money in the banks.
      Screw the sheeple! Tell none of your neighbors anything.

      • Lori says:

        Gosh. That’s exactly what I just said to my 2 confidants! I’m done trying to wake people up. I have been wasting my time with them. And I do not care what happens to them. They are all part of the problem.

      • Loud n Clear says:

        Totally agree, these are the times to keep loading up, keep your mouth shut, plan and execute for selfish, self serving family focused reasons. Help when and where you can, but forget about the sheeple, they are all but gone and far too much of a risk at this point.

    • arizona says:

      HEY MONNIE,theirs a new cartoon on the internet,called DUFFUS DINGLE the genis,this is what all americans need to see,its in a format they can understand,and it gets the message across……………………

  2. Cathleen says:

    Thanks Henry and Laura. I knew you’d find the link. ;)

    . . .

  3. Dave says:

    Anyone who’s been paying attention knows that the new “global banking body” that will run any new banking/currency scheme will be strictly Kosher.
    Moreover, it’s guaranteed that the Kosher tribe will attach strings to those in the US that any aid to the sheeple must come with confiscations of guns, especially the so-called assault rifles which are way too effective at keeping aspiring tyrants at bay.
    And my wife thinks soap operas are entertaining!
    This is getting good.

    • arizona says:

      DAVE its way better then that,THE RUSSIANS AND POLICE GANGS are going into the schools and call parents,and TELL THEM ,WE GOT YOUR KIDS,if you want them back ,BRING US YOUR GUNS,and we’ll trade,americans are stupid by nature,they don’t have any intentions of giving back the kids,their going to take parents and children to the fema camps,AFTER THEY GET YOUR GUNS,….remember GO IN FORCE TO GET YOUR KIDS,or you won’t be getting them………………………………

  4. jhpace1 says:

    “Hyperinflation is the loss of confidence in a currency.”

    Good quote.

  5. Susan Parker says:

    What do we do with funds that are locked in to IRA’s and 401k’s? How do we get this out without penalty? Can it be invested in real estate? Also, what are your thoughts on Iraqi Dinar? Bloomberg announced it is RV’ing.

    Thanks for the guidance.

    • Smilardog says:

      We took everything out in 08′ and invested it in our old hidey-hole way up high in the mountains. We paid the penalty, and got the penalty back in income taxes because it was spent fixing up the cabin/house/hidey-hole. Now, the 110 year old place is basically brand new, fully stocked and waiting for the great exodus day. Not to mention that it is fully paid for, off-grid, defensible, and has free meat walking through the yard daily. Not to mention… at a very minimum of 150+ very well armed, very close knit, sharp shooting tactical force that knows every nook and cranny of every foot of the mountains for miles.

      Also, as far as 401k’s… is it better to have 70% of your investment now, or 100% of nothing later. Not to mention anything you bought with it now would be at todays price, and would be tangible in your hand stuff that is easily found now, and not at inflated prices of tomorrow and very hard to find.

      • Amy says:

        We have tried to retrieve funds from 401(k), but were only allowed to take out a small fraction (with taxes, penalties). We can only take out at age 59.5 or when we quit the company . . . not an attractive option. What am I missing here? I would LOVE to get the $ out . . .

        Thanks!

    • rhumstruck says:

      Hmmm, after years of experimental chemistry, having my head smash through someone else’s windshield and a heart attack I only have two brain cells left. And this morning one of them ain’t working to well, but let me try the math.
      50% of nothing is NOTHING!
      Pay the penalty and get out while you still can!

    • Smilardog says:

      Susan,
      I hear Paul Drockton on RBN say all the time that you can convert your IRA’s to precious metals IRA’s that you can keep in your possession. I don’t know any of the details, but you could call him and ask him. Then check it out for yourself. I hope that that helps point you in a safe direction.

  6. Nancy Bakos says:

    I’m sorry that I DO NOT FIND and or recommend this source. I will not read godlike productions illuminati controlled opposition trash.

  7. Cowhead says:

    I agree with every word and your timing. I say this based on a small event that recently took place for me personally. I have no debt, a credit score of 800+ and a nice six figure salary. After many years of having an un-used home equity line of credit of $100K, my bank recently sent me a letter telling me it was being reduced to $10K ….. this on a paid for house. For me, this was an indicator that the banks are setting up to limit the ability for people to get money out of their bank. My advice, take your money out now while you can. The wrath is coming.

  8. Tim says:

    Thanks so much for laying out this potential scenario. You’ve made an excellent case because you’ve identified some of the steps the banks / financial big-boys have made in preparation. I need to follow-up on your suggestion to read the relevant regulations in more detail, otherwise I really don’t have a sound background. But, fundamentally IT ALL MAKES SENSE. Thanks!

  9. arizona says:

    AMMO,will be the new money,think about it,no more ammo ever again,WHO’S the new KING,the guy with ammo,ten years from now,and you have a bow and arrows,kind of like someone who brings a knife to a gun fight….stock up or find out this the hard way,use your bow and arrows for hunting and your ammo for defence,your going to be glad you did……………………………

    • rhumstruck says:

      Living in lead mining country and knowing how to make black powder at least I’ll still have my .50 barking!

      • also from lead country says:

        Could you direct me to resources on making BP? I am currently trying to learn how to smelt everything and collection trash metals..lead pipe, copper etc. Also for our .50.

    • Smilardog says:

      Arizona… What… are you NEW??? We are way ahead of you. When ammo is currency most of the people on this site will be the New Bankers!!! Buahaha!

      Got Ammo? oop’s, I mean… Got Hollow Points????

    • diggerdan says:

      I would say that food and ammo will be the new currency arizona, and It will eventualy be food as the only currency as we all need food and water – remember just who is trying to control all of our food and firearms, etc. and food is the most sure way to control people.

      • rhumstruck says:

        There you are! I had not seen ya for a couple days and you didn’t answer your phone. I left a msg for Millard on a post today asking him to check on you! After that last phone call I was worried something happened! Also, in the shining article is an inside joke that only you and, what, maybe three others might see and get. I knew you should get it. You asked me about it! LOL :)

        • diggerdan says:

          Sorry `bout that rhumstruck, I had to go on one those spirit quests and when on one you only know what ya learn for yourself, I know you know what I`m sayin`. Heck I just will maybe try and call ya and to see how you guys are doing I will try to call ya tonight maybe eh :)

  10. allison says:

    i’d like to know your advice then for those of us who do not invest, have fixed rates on everything, owe less than 200k including the house, and have direct deposit? stock up on food and water, i get. ammo, yes. anything else?

    • rhumstruck says:

      Stock up on everything you can. Forget a one year supply, start working on a 10 year supply. Heirloom seed, gardening tools, durable cloth(forget about being fashionable), shoes to last at least 5 years, etc. Turn all your Fiat scrip into tangible goods. That fiat scrip is going to be toilet paper any day now.

  11. btruth says:

    That sounded just like it was written by “V” the guerrilla economist!

  12. Ian Dunnett says:

    Hi Catherine,

    thanks so much for your scary article. I have been a student of alternate currencies, eco friendly, financial collapse starting 1997. In 2003 I bought my first gold. In 2007 I sold all my stocks(property -where I trebled my money and bought gold and silver). I then went gold mining in West Africa, but did not have enough capital to get it off the ground. Now I am working on low cost housing/solar water/solar electricity for the squatter camps. If what you say is actually going to happen, then I must make some major shifts in my lifestyle right now!!
    Would love to have a chat. You will find me on skype. I live in Johannesburg, South Africa.

  13. watch4what says:

    Hi,

    Thank you for the wonderful, well thought-out article. I greatly appreciated it and learned a lot.

    Question: I understand your forecast based on the banks tightening up because of Basel III. What if the gold that the banks are buying increases in value (as planned) and that increase satisfies the Basel III requirements? What does that do to the $100 bills, for example? They keep them in storage? How would this scenario impact your forecast? In other words, what is the forecast if the banks do not go through a credit freeze?

  14. gman says:

    Genesis chapers 41 and 47.

    never let a crisis go to waste.

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