Bill Holter whose work you can follow over at Jim Sinclair’s JS Mineset is back and Bill says “Something Just Happened”. In fact, something changed three weeks ago and a series of events began which has led to a cascading collapse in global markets and some very strange happenings in the precious metals markets.
In silver last week there was confirmed volume of 122,482 contracts traded in a single day which represents 612 MILLION ounces of physical silver … or over 87% of annual global silver production. Meanwhile China has sold $100 billion worth of Treasury bonds over the last two weeks.
Bill warns, the leverage in all markets suggests a “holiday” will occur because the unwinding cannot be orderly. The “unwinding” by the way will need to undue the credit built upon credit going all the way back to Aug. 15, 1971.
Mr; Holter concludes: “We’re going to have an absolute Biblical collapse of our standard of living, and no one even has a clue that it’s coming.”
Oh, and one last note. The current 1980 inflation adjusted all time high for silver is $601 according to John Williams at Shadowstats. And that doesn’t account for all of the paper metals fraud in the system. Please bear that fact in mind as you consider what life may look like after the collapse of the Petro Dollar’s purchasing power.
Something has seriously changed in the silver market as traditional indicators no longer seem to matter. Normally when the price of a commodity falls, so does demand. However, we are seeing quite the opposite as investors continue to buy silver bullion hand over fist.
This surge in physical silver demand has put more stress on global silver inventories. Let’s take a look at the last two COMEX Silver Inventory updates. On Monday’s update (8/31/15), the COMEX reported a total deposit of 1 million oz (Moz) and 1.6 Moz withdrawal for a net 600,000 oz decline. Actually, it was a net 599,207 oz withdrawal, but what’s a few ounces between banker friends.
Christina Sarich is a humanitarian and freelance writer who focuses on health-related REAL news. Writing for Natural Society, Infowars and Waking Times to name just a few sites, Christina has exposed the fraud and lies told by Big Agra and Biotech companies.
In this interview we shine the light of truth on the dangers of GMO’s, the revolving door of fascism at the FDA, the push for MANDATORY vaccinations by Big Pharma and Bill Gates’ involvement in much of it. As Christina correctly notes, this is nothing less than a Malthusian genocidal assault on humanity.
Well, “September cometh,” and with a BANG! Yet another 3% decline for the “Dow Jones Propaganda Average” – actually 2.84%, following a last minute, PPT-inspired “Hail Mary” rally – but let’s just “round up,” shall we? In other words, its third such decline in the past ten days – following an astonishing, equally PPT-inspired string of four years without a single 3% decline. I mean, just think of all the astoundingly horrible economic, financial, and geopolitical news since the U.S. lost its (comically undeserved) triple-A credit rating in August 2011 – whilst I was attending GATA’s London anti-Cartel conference, I might add; including the addition of roughly $4.5 trillion of national debt, and countless tens of trillions “off-balance sheet.” And yet, not a single 3% decline – which is probably why I long ago declared 2% to be the PPT’s “daily limit down” level.
Awareness about the concept of money is making a comeback. Gone are the decades in which the global citizenry was fooled to leave this subject to economists, governments and banks – a setup that has proven to end in disaster. The crisis in 2008 has spawned debate about what money is, where it comes from and where it should come from. These developments inspired me to write a post on the concept of money and the money illusion. (All examples in this post are simplified.)
When I was a lad studying economics in between bouts of playing blues guitar, surfing, and drinking fine Namibian lager, professors taught my classmates and me the origins of paper money. Like the beginners we were, we Economics 101 students trusted and believed them.
Years later, when I was a postgrad in Economic History, I learned that my professors were wrong. Their account of the origins of paper money was based on theoretical wishful thinking rather than real world history. When you studied actual events, you found that things weren’t so simple.
Not only has volatility ramped up and several NYSE Rule 48’s issued over the past week, but now the ETFs are broken. I’ll have more to say about this in a future post but Bank of New York, which is the custodian for a large number of ETFs, has not issued an updated price for any of its ETFs for a week. And today the VIX ETFs were behaving like apes on LSD: VIX ETFs Are In Crisis Mode
The Fed’s points of interventions have become more obvious by the day and it’s becoming more obvious that the Fed’s ability to prop up the stock market is losing traction:
n July, the FDA announced changes to the labels of nearly every medication in the non-steroidal anti-inflammatory drug (NSAID) class, warning that those drugs could cause fatal strokes and heart attacks even in young people with no known cardiovascular risk factors. Heart attacks could be triggered after just weeks of taking the pills.
“There is great concern that people think these drugs are benign, and they are probably not,” said Peter Wilson of Emory University, who served on the expert panel that advised the FDA on the decision. “The thought is these are good for short-term relief, probably for your younger person with no history of cardiovascular trouble.”
2015-16 Economic Collapse, coming Stock Markets Crash (charts on S&P 500, DOW, Hong Kong HSI Index, Canada TSX and London FTSE), 7-Year Stock Cycle, Shemitah September 13, 2015, Significance of September 23, 2015, Year of Jubilee 2016, $2000+ Gold & $50+ Silver with 3-Digit Silver in 2016!
Last year Russia began unloading massive amounts of their US dollar reserves. In the month of December 2014 alone Putin sold some 20% of the country’s U.S. Treasurys, a move that further increased tensions surrounding what can only be described as economic warfare between East and West.
Then, as if part of a coordinated effort, this summer it was revealed that China had implemented a similar strategy, dumping half a trillion in dollar denominated assets.
But that’s just the beginning of the end for the US dollar. Amid a major meltdown in Chinese stock markets the People’s Republic sold off billions in dollar assets last week in what was reported to be an effort to stabilize their collapsing financial markets.
The Ukraine Crisis has reached an important juncture. Germany, France and Kiev are all attempting to implement the Minsk peace agreements from February. At the same time, ultra-nationalist groups are scheming to thwart the process and restart a hot civil war.
Last evening’s program began with a 9-minute monologue and summary from Mr. Batchelor in which he brings everyone up to speed on recent events but also discusses the pending NATO “training exercises” in The Black Sea and across the Russian frontier. After that, John and Steve offer a terrific discussion and summary of the conflict inside and outside of the Ukrainian parliament back on Monday.
The looming collapse of the Global Monetary System is so “in your face” right now it’s hard to see any other result arise out of the current conditions. Yes, we got the timing right for the chaos to begin (as it already has) but the full extent of the collapse is still unknown…even to the market riggers.
Here are 5 things that will happen before now and the end of the year that will truly change the playing field.
1) Stock markets will continue to fall even though the “gurus” scream about what a great time to buy it is. At some point, the “market losers” will cry to the Fed and Government to help them restore their wealth but there will be little either could do at that point.