Saturday, June 29, 2013

Sprott Warns - This Will Crash The Financial System

“When you have a notional (one) quadrillion dollars of derivatives and they change by 1% on one quadrillion, that’s 10 trillion dollars right there. It’s just incredible. It would wipe out the (entire) banking system.

It’s a zero sum game, except the guy who’s losing can’t pay. Then of course they whole system comes crashing down because everyone worries about counterparties....
“Eric, I’ve always thought that the financial system is totally out of control. And 24/7 these guys are solving problems. Whether it’s the banking resolution, or Greece, the problems in Spain, renegotiating some loan, or setting up some bail-in. ‘Interest rates are shooting up, oh my God, what are we going to do here? Bernanke says taper, we’ve got to get a bunch of guys to say we’re not going to taper.’ So they arrange for the Bank of England to say, ‘People have misread it.’ Draghi says it and six Fed governors all say it.
Read More@KingWorldNews.com

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Declare Your Independance

The worst lies are the lies we tell ourselves.

We live in denial of what we do, even what we think.

We do this because we’re afraid… -Richard Bach

We live the American Dream…

That we are rich and free..

That we have a free press…

That we consume more than we produce…

That our vote counts…

That we have political choice…

“It’s called the American Dream because you have to be asleep to believe it.” -George Carlin

Many are now now starting to realize that things that they have believed their entire lives are lies. Lies like retirement, housing will always go up, you job is safe. All of these lies were at some point created, perpetuated, and profited off of by some Elite group of men. Think about it everything that happens, happens because someone thought that they can profit off of an idea. We all fell for these lies because everyone else was doing it and it was easy. Well now that we are coming to the end of the line and reality is coming back, we need to do the hard work of starting over again and build a new reality that is based off of the Constitution.

“It is said that men go mad in herds, and only come to their senses slowly and one by one.” -Charles MacKay

By now many are starting to see that there is no difference between the Republicans and Democrats.

Both push our debt sky high…

Both support imperialistic wars…

Both seek to limit our rights…

Both keep the borders wide open…

Both allow our companies to move overseas…

Nothing changes except for the puppet.

So what is the answer? Education. Not the collectivist garbage you were fed in public school. A Modern Patriots education on Total Freedom.

Conquere the Crash

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as the final and total catastrophe of the currency involved.“

Ludwig von Mises 1949 -

We are currently living in a paradigm where the United States is the lone hyper power. We can print unlimited amounts of the global reserve currency to support a trillion dollar a year domination of the worlds resources. We are 5% of the world’s population consuming 25% of the world’s energy and up to 50% of the certain commodities. We can consume more than we produce and live way beyond our means.

Things that cannot go on forever… won’t.

Money and credit is the one study that has words to make the subject harder rather than easier to understand. This is done purposefully to keep the average American in the box while and Elite class preys upon their ignorance.

Future generations will be amazed at how many people lost so much wealth. What will be even more amazing is the amount of wealth a small few, who saw what was coming, were also able to make.

“Assets are neither created or destroyed. They merely change from one perception to another.”

Economics360

Saturday, June 29, 2013

Sprott Warns - This Will Crash The Financial System

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