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Silver Exchange

Gold in Hand

by Bill Holter, Miles Franklin:

Though you haven’t heard a peep out of the media, the Cyprus parliament will vote today on their own financial execution. They have basically 2 choices, they can vote themselves out of the EU and everyone loses their bank balances… or they can remain in the EU and lose 90%+- of their bank balances. Option A would mean going the route of Iceland which 5+ years after their collapse is one of the few economies in the world that is actually growing again, option B would mean sticking with the “known” evil which includes the iron anvil of the Euro attached to their feet for the future. Option A is obviously in their best interest, option B is what they will choose.

A media blackout on this event is in effect so that the populace doesn’t panic. How smart would it be to play movie trailers in advance letting people know that “coming to a theater near you” is the theft of your bank balances? Think about it, if you have plans to steal “money in the bank,” you want as much “in the bank” as possible right? Why would you promote a bank run where all the cockroaches (that is what the savers are considered) scatter with their funds before you could rob them? Plans have been quietly put into place to take the “Cyprus template” and use it far and wide. Once begun, you will only hear “we have no other options” topped off by “who coulda’ seen it coming?” The coming “global bail ins” are more than obvious to see, all you need to do is use a little common sense and connect a few dots.

Read More @ MilesFranklin.com

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