by Andy Hoffman, MilesFranklin.com:
In 2008, Global Meltdown I hit the world like a CATEGORY 5 TORNADO. Not a single structure was spared; including stocks, bonds, commodities, currencies, and real estate. The REALITY of bursting equity and housing bubbles was too much for TPTB’s – then meager – market-propping mechanisms; and thus, the GLOBAL economy came within weeks of a complete, irreversible collapse.
Only the last remaining “credibility” of Central bank balance sheets enabled the “can” to be “kicked” a few more years; via the most extensive, suicidal MONEY PRINTING scheme EVER. Moreover, said MARKET MANIPULATIONS were stepped up to spiritual levels; let alone, the degree of Washington, Wall Street, and MSM PROPAGANDA…
Efforts to discredit Precious Metals from their historical roles as safe havens were initially successful; as PAPER gold prices were knocked down (read, naked shorted) in late 2008 from $1,000/oz to $670/oz, and PAPER silver prices from $21/oz to $9/oz. However, at these levels, PHYSICAL demand literally exploded; to the point that every major mint shut down, with premiums over fraudulent paper “spot prices” rising to as much as 30% for gold and 100% for silver.
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