The IMF admitted that Greek austerity measures would still leave Greece with an unsustainable debt. In addition, the Bank of England said that a Greek default could spark a contagion blowout risk that could ripple through the global economy; in that, the market is not deep enough to accommodate a rotation in risk at this point in time.
According to John Embry, Puerto Rico’s situation is indicative of the depth of the financial rot in the system whose financial condition is utterly terminal. Regardless of what media and government pundits say, the whole thing is starting to implode with Greece as the focal point. Because this calamity is becoming more apparent, physical demand for gold and silver is accelerating, particularly in Europe, but the gold and silver suppression will continue until the paper manipulation is overwhelmed.
As the eyes of the financial world are glued on Greece, what do you believe would happen if a Greek-Style crisis were to hit America? 29% of Americans do not have a single penny in emergency savings while 21% have less than 3 months of expenses saved up. Also, 57% do not consider themselves ready for a “sudden financial setback.” In addition, less than 10% of all Americans own any gold or silver for investment purposes.
It seems that there is a very clear purpose for governments wanting to create a cashless society and that is, once they have your money in the system, it belongs to them. So, when bankrupt, like Greece, governments will resort to desperate measures like imposing capital controls, exchange controls, and even confiscate money on deposit. This is a reason why it is a good idea to have gold and silver on hand when things go downhill.
White House Aids Lied
Despite denials, it turns out that White House aids, Rahm Emanuel and David Axelrod, knew since June 2009, about Hilliary’s private email account and jeopardized national security, by allowing confidential information to be sent to and from it. Nixon had his tapes while Hillary has her emails.
The Supreme Court used the 14th Amendment to legalize gay marriage in all 50 states; however, in applying “Equal Protection”, inadvertently allowed concealed gun carry in all 50 states as well. If the right to keep and bear arms is already recognized in some states, then by the Supreme Court’s own precedent on gay marriage, that right cannot be denied in ANY state!
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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