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Jim Willie: Collapse Has Occurred — Hyperinflation Meets Asset Destruction!

[Ed. Note: We were among the very first to bring you this news straight from the Jackass’ own mouth on June 29th.]

from Silver Doctors:

When is the system going to break down? The answer is 2008. The tipping point was the Lehman kill in Sept 2008, following the sub-prime mortgage collapse. It was a death event for the US banking structure, which should have forced liquidation of all Wall Street firms.

Then came the Financial Accounting Standards Board relaxation of rules in April 2009, which still permits the big US banks to declare their assets at any value they wish. They hide grotesque insolvency. Their liquidation would not happen, instead zombies walked.

The next tipping point was the Federal Reserve announcing a move toward the Zero Percent Interest Rate (ZIRP) in early 2009, followed by the bond monetization initiative (QE) in early 2012 …

The only protection is Gold & Silver coins and bars. The hyper monetary inflation has met the asset destruction.

Read More @ SilverDoctors.com

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