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THIS IS TERRIFYING: Will All Of Your Money Be Wiped Out In The Blink Of An Eye?



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THIS IS TERRIFYING: Will All Of Your Money Be Wiped Out In The Blink Of An Eye?

Post by Lobo on Sat 14 May 2016, 7:35 pm

THIS IS TERRIFYING: Will All Of Your Money Be Wiped Out In The Blink Of An Eye?
May 14, 2016

With all of the chaos, enormous leverage, and ongoing cyber wars in today’s interconnected global financial system, terrifying question has arisen:  Will all of your money be wiped out in the blink of an eye?
Stephen Leeb:  “You might think that in today’s information age, gold – the so-called “barbarous relic,” as Warren Buffett has derisively called it – would be relegated strictly to the realm of jewelry and other decorative purposes, with no role to play in our monetary system…

In Volatile Markets, Is Wealth Preservation King?
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.

Stephen Leeb continues:  “Think again. When you look at what’s really going on in today’s world, it becomes clear that it’s the U.S. that is at risk of become a relic – and that you’d have to be crazy not to own a lot of gold in some form or another.
As John Embry said in a recent interview on KWN, “ignore the noise.” Gold today isn’t just another investment. It should be viewed as the investment, the one that’s essential to protect you against financial disaster. If gold pulls back, buy more. And if you really want to go for the biggest gains, look at the remarkable chart posted on KWN comparing the metal with gold mining stocks. Gold stocks are ridiculously undervalued relative to gold itself. This bull market in gold is likely to translate into the greatest bull market ever in gold miners.
Will All Of Your Money Be Wiped Out In The Blink Of An Eye?
Today we count our money in dollars. But things have changed dramatically in just a decade or so. It used to be that we had a fiat paper currency. Today almost all paper money isn’t actually paper, it’s 0’s and 1’s in computers. This means it can be snatched up and controlled by any country that can seize control of those computers.

The lead paragraph from a lead story in Friday’s Wall Street Journal should make anyone shudder: “Hackers have again gained access to the world’s largest system for transferring funds among banks, a breach the network operator said indicates a wide-ranging effort to penetrate the financial system.” It’s almost hard to know what’s more disturbing – the content of the sentence or the matter-of-fact way it was written that implies such attacks have become the new normal.
Now maybe you are shrugging your shoulders because you assume that the mighty U.S. must have the best hackers in the world. Unfortunately we’re nowhere close. We couldn’t even crack the Apple iPhone wanted in a terrorism investigation and had to turn to the Israelis for help. 
China Rules The Internet
There was another shudder-worthy article yesterday (maybe the superstition about Friday the 13th isn’t so crackpot after all) that focused on cybersecurity, which means it was all about China. Here are the guts of it straight from Bloomberg:  “China is using its cyber capabilities to support intelligence collection against the U.S. diplomatic, economic, and defense industrial base sectors that support U.S. national defense programs.”

In other words, when it comes to cybersecurity, China makes us look like schoolchildren. If you think that seems harsh, look at what Israel with its 8 million people has done. The elite Israeli cyber unit 8200, which you should check out on the internet, has done more than produce folks that can crack iPhones. This unit has produced the founders of our leading cybersecurity companies. Now imagine if you multiply 8 million by 175, you have some idea what China, which for millennia has regarded spying as critical to national security, could produce in terms of cyber abilities.
Cyber Theft – The Greatest Wealth Transfer In History
Don’t accept the gravity of the cyber threat just on my say-so. Former NSA chief Keith Alexander has called cyber theft “the greatest transfer of wealth in history,” and he meant all of history

The End Of Fiat Currencies
How will China use its cyber expertise? China’s central bank, the PBOC, has said on several occasions it wants to create a so-called bit currency as soon as practical. The big issue with a bit currency is controlling the amount that is issued. Enter gold. China has long been enamored with gold and regards it as part of its identity. It will use gold not only to back the bit currency but in all likelihood to back the yuan as well. And you can then say good-bye to fiat currencies. My bet is the last 45 years off some sort of gold standard will go down as an anomaly.

Gold and gold correlates like silver are headed for pride of place in the world’s monetary system. You’d better own some, and not just a token amount, because we’re headed towards a world in which the dollars you own won’t just be worth less than the paper they’re printed on, they will be worth less than an atom in a computer.

    Current date/time is Mon 24 Oct 2016, 6:41 pm