Jim Sinclair says exit the system NOW!

[GlassSteagallfan]

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2 weeks ago, Jim Sinclair of Silverdoctors.com advised his clients to be out of the system (IRA & 401K) within 2 years time.

Today, however, he emailed all his clients and said to exit the system immediately.

Here's the link to his message:

http://silverdoctors.com/jim-sinclai...y-towards-you/

[East Sun]

If our IRAs and saving are not safe in the bank how do we go about buying silver and where can we keep it safely? Is there a country somewhere in the world where we could actually get our money to and would it really be safe there.

We could hide silver in or near our house but then you might need an armed bodyguard day and night.

What if the use of silver and gold were banned at some time in the future when transactions have to be electronic only?

What if this is just scare tactics and part of a manipulation game?

Does anyone/expert really know what the long term plan is regarding world finances?
We're living with uncertainties. (in a strange world, in a strange time)

[gripreaper]

Posted by East Sun (here)
What if this is just scare tactics and part of a manipulation game?

In my view, ti's a bit of both. If you have no debt, have your home paid for, and are stocked with provisions for at least six months, and are capable of raising your own food and energy fuel, then a bit of silver around the house should be no problem. Until you "get to" this plateau, Jim Sinclair's proposed recommendation is irrelevant.

On the other hand, when you realize that the global money supply is being reduced by the elite, and there are fewer dollars in circulation to operate commerce, and those dollars remaining are competing for the scarce resources, with the velocity of their movement almost at a complete stop, then it only makes sense that any dollars parked on the sidelines would be forced out and into commerce, where they eventually end up back at the Fed.

Once most of the savings and investment dollars are dried up and the amount and velocity is sufficiently reduced, the elite will pull the plug. At that point, all that matters is your ability to sustain your basic needs on your own. The money will only be good for toilet paper.

[ThePythonicCow]

Posted by gripreaper (here)

Posted by East Sun (here)
What if this is just scare tactics and part of a manipulation game?

In my view, ti's a bit of both. If you have no debt, have your home paid for, and are stocked with provisions for at least six months, and are capable of raising your own food and energy fuel, then a bit of silver around the house should be no problem. Until you "get to" this plateau, Jim Sinclair's proposed recommendation is irrelevant.

On the other hand, when you realize that the global money supply is being reduced by the elite, and there are fewer dollars in circulation to operate commerce, and those dollars remaining are competing for the scarce resources, with the velocity of their movement almost at a complete stop, then it only makes sense that any dollars parked on the sidelines would be forced out and into commerce, where they eventually end up back at the Fed.

Once most of the savings and investment dollars are dried up and the amount and velocity is sufficiently reduced, the elite will pull the plug. At that point, all that matters is your ability to sustain your basic needs on your own. The money will only be good for toilet paper.

Very well said.

Presently, most people in the US, Japan and western Europe are finding it harder, not easier, to get their hands on money. Individuals, governments and corporations are all facing increased risk of foreclosure, default and bankruptcy ... losing control of their property and future incomes. The monetary, economic, financial, military, legal, and political terrorism which the bastards in power have frequently inflicted on less powerful nations is now being inflicted on the "first world" nations, businesses and people of "Western Civilization."

Once that phase is completed, the nations and peoples of western Europe and most of the Anglo-American empire will starve, their pounds, euros, yen, and dollars worth far less in trade for the reason that that there will be a flood of such currency, but little of worth it can purchase. Food, clothing, shelter and good jobs will then all become scarce in the US and western European nations.

The purchasing power of the once almighty US Dollar, and its comrades the pound, euro and yen, will collapse. The paper on which such currency is printed will become worth more than the printed currency itself ... for without all those fancy inks, it will be less scratchy when used as toilet paper.

Perhaps at that point the BRICS nations, plus others such as Saudi Arabia, Iran, and Indonesia, will have sufficient quantity and variety of resources and sufficient financial infrastructure to ditch the US Dollar and its comrades, and make a go of it, leaving the US and those allied too closely to it left selling their mineral and agricultural resources for a bare bones subsistence.

Or perhaps some god awful major crisis will be precipitated, resulting in the rather too rapid and violent death of billions, and the imposition of "new and improved" world tyranny.

Either way, if the bastards have their way, the once flourishing middle class will be impoverished and virtually enslaved ... or dead.

First get them in debt, then take away their present income, then take away take away their futures, freedoms, and property, then inflate to worthlessness any remaining money they held.

[jagman]

Posted by gripreaper (here)
when you realize that the global money supply is being reduced by the elite, and there are fewer dollars in circulation?

I respectfully disagree with the statement above.
QE#1 QE#2 QE#3 Wiki defines "Quantitative Easing"

Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the national economy when standard monetary policy has become ineffective.[1][2] A central bank implements quantitative easing by buying financial assets from commercial banks and other private institutions, thus creating money and injecting a pre-determined quantity of money into the economy. This is distinguished from the more usual policy of buying or selling government bonds to change money supply, in order to keep market interest rates at a specified target value.[3][4][5][6]
Expansionary monetary policy typically involves the central bank buying short-term government bonds in order to lower short-term market interest rates.[7][8][9][10] However, when short-term interest rates are either at, or close to, zero, normal monetary policy can no longer lower interest rates. Quantitative easing may then be used by the monetary authorities to further stimulate the economy by purchasing assets of longer maturity than only short-term government bonds, and thereby lowering longer-term interest rates further out on the yield curve.[11][12] Quantitative easing raises the prices of the financial assets bought, which lowers their yield.[13]
Quantitative easing can be used to help ensure that inflation does not fall below target.[6] Risks include the policy being more effective than intended in acting against deflation – leading to higher inflation,[14] or of not being effective enough if banks do not lend out the additional reserves.[15] According to the IMF and various other economists, quantitative easing undertaken since the global financial crisis has mitigated the adverse effects of the crisis.[16][17][18]

[gripreaper]

Posted by jagman (here)

Posted by gripreaper (here)
when you realize that the global money supply is being reduced by the elite, and there are fewer dollars in circulation?

I respectfully disagree with the statement above.

Well, none of those debt instruments are making it into commerce and winding up in the economy, being used for capital improvements, or creating value added. All of it goes into the pockets of the banksters and their derivatives casino's, their ponzi schemes, and their big bonuses.

It's called "kick the can down the road" and steal as much as you can for yourself.

[ThePythonicCow]

Posted by jagman (here)

Posted by gripreaper (here)
when you realize that the global money supply is being reduced by the elite, and there are fewer dollars in circulation?

I respectfully disagree with the statement above

Quantitative easing is not being used, yet, to dramatically inflate the quantity of dollars, pounds, yen and euros in circulation. It is being used to keep the financial system on life support and to centralize control of the debt of nations, corporations and individuals.

The balance sheets of the US Federal Reserve and of their counter parties at the major "too big to fail" banks are seeing those QE entries, not the balance sheet of the average person, corporation or government. Even the US federal government is rapidly piling on debt. Misters Ben Bernanke (the "Fed") and Jamie Dimon (JPMorgan) are seeing those QE entries, not Barrack Obama or ThePythonicCow.

Gold and silver prices have been weak for the last two years not so much because of suppression (though there is that too, no doubt) but because fewer can afford it. Those who can afford it are from places such as China and Russia. Us Americans are selling (or having swindled from us, via such mechanisms as GLD, SLV, COMEX, LBMA, and Fort Knox) what little gold we have left for cheap.

[jagman]

Gripe, That is highly probable. The last I heard was the Fed was pumping 20 billion a month and sometimes up to 40 billion into the latest QE.
Artificially inflating the stock market. But I know your probably right about the money going into the pockets greedy bastards & crooks.

[ThePythonicCow]

Posted by Paul (here)
Misters Ben Bernanke (the "Fed") and Jamie Dimon (JPMorgan) are seeing those QE entries

Not so much personally seeing, mind you, but are closer to being the ones who supervise those who are making those QE entries in the books.

[lookbeyond]

Is anyone able to give an opinion on how they think Australia may fair?

Thanks, lookbeyond

[ThePythonicCow]

Posted by lookbeyond (here)
Is anyone able to give an opinion on how they think Australia may fair?

Thanks, lookbeyond

Australia has lots of resources and is working to get closer financially to China, while it has less debt and fewer people than say the US. I'd expect Aussies to suffer less than Americans, on average.

[Snookie]

It's all been orchestrated to happen and been planned for a long time.

The bastard banksters have deliberately kept interest rates extremely low to encourage people to spend their $$ rather than save it. Many people who would normally be savers figure they may as well buy that Harley bike, the corvette or that motor home they've always wanted because their money isn't doing anything in the bank.

Now that they know they have the majority in such a huge pile of debt, the time has come to pull the rug from out below them. For those who have been careful to save...hey they'll just freaking STEAL it like they did in Cyprus. They got you coming and going.

[sheme]

For tricks like this to work, enough of you have to bite, then you will cause the very thing you are running away from- remember he is a silver broker!

The estate agents try something similar when the housing market slumps,

their cry is "hurry buy now as prices are going up fast" Same old same old FEAR bends us anyway they like.

Perhaps it's the ptb trying to cause the dollar collapse so the people riot and then they can go shoot a few, sit tight don't bite.

[mgray]

Here's the most current chart of M2 money supply.

[Zelig]

Posted by gripreaper (here)
The money will only be good for toilet paper.

Canadian bills are now made out of some sort of plasticky polymer and are completely useless as toilet paper. I've started trading mine in for the real thing and am seeing real value in my stockpile.

[DeBron]

I have a question. If this monetary system fails and money becomes very pretty toilet paper(not useful toilet paper though as it will clog your plumbing) what good will taking it out do?

[donk]

The balance sheets of the US Federal Reserve and of their counter parties at the major "too big to fail" banks are seeing those QE entries,

I believe that if this was true, we'd already have hyperinflation. I don't think they're REALLY seeing accurate "entries". Why would we?

The "Fed rate", that used to be some sort of measure of something, which was adjusted according to the "reality" of the game (they obviously been kinda making up as they go along, but it was supposedly based on rules and stuff). Some even claimed it was a measure of the cost of money/debt.

When was the last time it changed? I stopped paying attention about half decade, when it had been (artificially) held to some elusive number between 0 and .25% or some such nonsense (and depending on who you were). I was under the impression it hadn't changed much?

I've always wondered how financial advisors that understood the game could keep a straight face when us "playas" take this ****e seriously...

[TargeT]

Posted by donk (here)

The balance sheets of the US Federal Reserve and of their counter parties at the major "too big to fail" banks are seeing those QE entries,

I believe that if this was true, we'd already have hyperinflation. I don't think they're REALLY seeing accurate "entries". Why would we?

The "Fed rate", that used to be some sort of measure of something, which was adjusted according to the "reality" of the game (they obviously been kinda making up as they go along, but it was supposedly based on rules and stuff). Some even claimed it was a measure of the cost of money/debt.

When was the last time it changed? I stopped paying attention about half decade, when it had been (artificially) held to some elusive number between 0 and .25% or some such nonsense (and depending on who you were). I was under the impression it hadn't changed much?

I've always wondered how financial advisors that understood the game could keep a straight face when us "playas" take this ****e seriously...

I think it is true, and what the guys are trying to say here is that the money is "being created" but it's not going anywhere, thus pushing us furhter into the "stagflation" that we are seeing now.

At least with the stimulus plan (and that is a REAL indicator IMO) it was desginated to be spent on projects that would directly pay citizens (in salary, purchases for equipment/materials etc) HOWEVER, something like 85% of the stimulus has not been spent yet (and there's my indicator of the desired direction of money velocity, just like the stimulus money they are moving like pond water, stagnation) this might help to make a bit more sense of what the above posters were talking about.


The fed's interest rate being low is supose to improve liquidity (help fight stagnation) but I think it's a "too little too late" situation now (probably as planned).

Loans are going out, but they aren't going very easily, I have pretty good credit (hovering around 800; apparently I'm a good debtslave....) and still am fighting a little to get a house loan down here on the island.

[donk]

The fed's interest rate being low is supose to improve liquidity (

My point is, I was taught in a supposedly "good" business school that it was a reflection of the cost of money.

People used to "blame" Volker or whoever it was back in the day when it was 20% or whatever...but in THEORY it is not somone's decision...according to the "rules" of the game you'll find in 15 year old college text books or anything about economic policy.

What it has become is a tool of the Fed (I believe it always was--it was just presented differently). They just change the rules, kick the can, whatever you want to call it, but I stopped "studying" and researching it about 15 HUGE fundamental rule changes (around aught-six, when Bear Stearns was allowed to get eated and AIG derivates got buried/papered over)

lies on top of lies in a great big circle jerk...it's as "real" as politics in this country...meaning it is whatever the teevee says it is