I’d like to point out a few little things:
The Eurozone is in deep trouble. Cypress is asking for bailouts now, on top of Spain, Italy, Greece and Portugal. Mind you, the “bailouts” are all going dicrectly to the banks that have been using depositors’ money to speculate with… so the banker-appointed technocrats who are placed in charge of these governments to administrate their economies are making sure that the governments receive the money from the ECB, IMF and BIS (the Troika) to turn over to the banks… at taxpayer expense. The banks then leverage this money at least 10X to do even more speculating. Spain’s banks need probably a hundred billion dollars to keep going… at least they were up-front about it this time and the money went directly to their banks instead of getting filtered through their government. People all over the Eurozone are pulling their money out of their bank accounts because they expect banking collapse, and banks are limiting amounts of withdrawals. One big bank in Italy recently closed their doors without bothering to inform depositors… not giving them a chance to redirect their paycheck direct deposits… just keeping their money away from them. Governments all over are seeking to institute capital controls. If you are looking at what is going on in Europe and not preparing for it to show up here, you are going to lose it all. It is already very apparent that governments, including the U.S. government, does not want people to maintain or use cash. Highway checkpoints and TSA are actively confiscating cash.
Common sense dictates that you do the exact opposite of what the government wants you to do. So, for your own survival, you should own guns and stockpile ammo, you should stockpile food, and you should keep as little money as possible in your bank account and all you can in cash and precious metals.
Europeans have endured so many currency collapses and resets, that they know what is coming. They’ve already seen their manufacturing outsourced, and their banks have imposed “austerity measures” on the people by twisting government bureaucrats’ arms for bailouts. The fake debt foisted onto countries’ books is some 25 times the world GDP already… it can never be paid back. In Greece, the ecomony has collapsed altogether, forcing people to barter for all goods and services, eschewing the normal retail outlets… they call it “System D”. Breadlines are all over. People all over Europe are hiding income in order to not pay taxes… I don’t blame them.
Please bear in mind that the last time Europe’s stock markets collapsed, the American stock market followed suit a couple of weeks thereafter. Given how everything is digital these days, it may be a lot shorter time before the collapse in Europe is echoed over here.
Cash. http://www.theundergroundinvestor.com/2012/06/the-criminal-banking-cartels-end-game-a-100-digital-monetary-system/ If you really want to give the banksters hell, by all means keep as little money in your bank account as is practiceable… just enough to cover monthly bills… and the rest in cash. Stop allowing the banksters to track your purchasing via credit/debit cards… use cash instead. They don’t like it. This is a great way to train yourself in estimating your true needs. Get used to it, because we’re going back to it. Forget plastic.
Please bear in mind that the bankster cartel plans for us a one-world digital currency and no way to use cash. When they decide to close our financial system for devaluation, you will need your cash to pay basic bills until the banks open once again. A month or two’s worth should suffice to cover you. When they finally roll out their digital currency (at a huge loss in value to us), you should have already long since gotten the majority of your wealth into precious metals and other tangibles… like farm land, food storage, tools and what-not.
Silver is the really big thing to consider. Great educational resources include: http://sgtreport.com/ and http://www.zerohedge.com/
You see… silver is an easily manipulated commodity. The top big banks are stepping on the SPOT PRICE every time it goes up, because it sustains the belief that silver and gold are too volatile to invest in. The problem for the banks is that we know how they’ve been manipulating the spot price by printing and selling paper silver on the commodities exchanges.
http://www.nypost.com/p/news/business/jpmorgan_trading_loss_could_hit_ifUcDYuDG2sJVXGIJCBkDM JPMorgan’s Achilles’ heel is silver because of their naked paper shorts, which they will never be able to cover… and it is already blowing up in their face because they currently report some $6 billion in bad debts on their books, and their total derivatives/shorts exposure is already well past the world’s combined GDP of some $60-$65 trillion… that’s just one bank. Add that up across the system and understand that the exchange traded fund SLV is managed by these same banksters… meaning most of what the fund is comprised of is PAPER SILVER. Get that? SLV and GLD are scams.
Why silver? If you understand the fundamentals, you will see that this is the LAST chance to make your money make money for you before the money ceases to be worth anything at all. Estimated silver production was about 735.9 million ounces a year… and that number is falling. Actual production could be in the 250 million ounce range. Some 80% of silver production goes directly for industrial applications. In other words, snap it up while you can. Buy your silver early and often.
Taking physical silver off the market right now does several things: it is a real store of wealth and the last opportunity for you to make some money in this economy, and it also removes the banksters from determining your fate. You have to get on it fast, though, because physical inventories are drying up now… I am observing this at my local silver merchants here in Houston and on-line. The banksters may be able to step on the spot price of silver down to $5 an ounce, but you won’t be able to find it ANYWHERE at that price. That will be the official decoupling of the physical from the paper market. Buy the dips while you can… silver and gold are dipping like all get-out.
Bear in mind that when people flocked to physical silver and gold was at the bottom of the Great Depression. What the government did back then was beg people to turn in their physical gold from people in return for a silver certificate valued at $28 (or something like that) and then reintroduced the physical gold at $35… which was a 40% currency devaluation while still being on the gold standard. They plan on something similar again. It may be in association with a normal holiday weekend, or they may decide to have a prolonged bank holiday.
A little planning will stop you from being caught short and enable you to continue to feed your family during the coming transition phase.
Rev. Suzanne Powell manufactures and markets a full line of line of natural stone “medicine jewelry”, subtle energy tools, pendulums, angel and fairy art and “spiritual soap” through her website, http://www.turtleisland.cc
Originally posted 2012-06-27 03:28:02. Republished by Blog Post Promoter