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What Has Western Central Banks And Governments Scared To Death?



Posts : 16667
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Join date : 2013-01-12

What Has Western Central Banks And Governments Scared To Death?

Post by Lobo on Tue 01 Dec 2015, 2:57 pm

What Has Western Central Banks And Governments Scared To Death?
December 01, 2015

[b][size=18][b][size=18]Today a 50-year market veteran spoke with King World News about what has Western central banks and governments scared to death.[/size][/b][/b][/size]
John Embry: “The gold and silver markets have become a bad joke. All recent rallies have been met with massive paper selling, irrespective of the news backdrop. As I have said on many occasions, Western central banks and governments are scared to death of the precious metals…
Continue reading the John Embry interview below…

To hear what billionaire Eric Sprott & Rick Rule are doing with their own
money and which $7 billion company John Embry &
Dr. Marc Faber oversee
 click on the logo:

“They are so afraid of gold and silver because they have been money for thousands of years, while every fiat currency has eventually collapsed to worthlessness.
The current system has been in effect since the Bretton Woods Agreement in 1944 as World War II was winding down.  To say that it is long in the tooth is a considerable understatement. However, to keep the system afloat in the face of massive QE programs globally, gold and silver prices have been viciously suppressed over the last four-plus years. 
To date the efforts of central planners have been effective, as the public in the West has been largely kept out of the sector due to the highly manipulated price action. But this is not over yet as the magnitude of the Ponzi scheme used to create these artificial prices in the paper gold and silver markets is becoming more apparent.
There are now hundreds and hundreds of paper claims on each available physical ounce of gold in the West. How much longer this can continue is anyone’s guess, but all KWN readers better make sure they have their physical gold and silver somewhere safe ahead this Western central bank scheme blowing apart. On the other hand, most people who think they own gold and silver with their paper positions in exchange-traded funds, pooled accounts, etc, or who have their gold in an unallocated account in the banking system are going to be in for a very unpleasant surprise.
Moving to the economic front, global things just continue to deteriorate when one looks at key indicators like the Baltic Dry Index. We have also seen Caterpillar’s monthly sales numbers decline for a staggering 35 months in a row. The world is heading into a historic recession or something worse. There is an appalling amount of debt in the system and there is nothing the central banks can do about it.  
Things are even worse on the geopolitical front. The most dangerous geopolitical event in my life was the Cuban Missile Crisis in 1962, where for a brief time there was the real threat of a nuclear war between Russia and the United States.
Today there are geopolitical hot spots everywhere. We have the Middle East and the South China Sea as well as the Ukrainian conflict. Adding to the chaos are the various radical Islamic groups, with all hell breaking loose in Europe.  
So from a financial point of view this is a time to seek safety. Gold and silver have proven to provide that safety for thousands of years, and with the threat of the abolition of cash, ever greater emphasis on negative interest rates globally, and overvalued financial and real estate markets everywhere, I can’t think of a more appropriate strategy.”

    Current date/time is Fri 28 Oct 2016, 6:36 pm