The Great Economic Collapse (Video)

Mar 2, 2017

Silver and gold was slammed today. Initial jobless claims is at its lowest point in 44 years. BCBG filed bankruptcy. The art bubble is popping. CalPers threatens to slash pension benefits. Trump sent a message to every American that the economy is collapsing. Rickards, Stockman say Trump will not be able to avoid the debt bomb that is ready to go off. The Fed has set the stage to bring down the economy. BofA has analyzed the market and makes a prediction that the economy will collapse in the second half of this year.

H/t reader squodgy.

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‘The Great Economic Collapse’ coming to a country near you, …

… as planned by …

And it will happen exactly, when these bastards press this button …

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Better Bet: Gold or Bitcoin? (Video)

28.02.2017

Peter Schiff on CNBC 2/27/2017

I’ve said many times that, in my opinion, only PHYSICAL gold and silver are real and everything else will turn out to be an illusion, when the financial collapse will happen.

I’ve stated about Bitcoin, that (in my opinion) all those virtual Bitcoins will dissolve into thin air …. aaaand they are gone‘, when the system (and the internet) will go down .

“Tulip Mania 21st century style.”

And good luck with those worthless gold ETFs, that will turn out to be backed by nothing.

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Alan Greenspan: Ron Paul Was Right About The Gold Standard

Alan Greenspan: Ron Paul Was Right About The Gold Standard:

When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul… we had some interesting discussions… We would never have reached this position of extreme indebtedness were we on the gold standard, because the gold standard is a way of ensuring that fiscal policy never gets out of line.

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And he said many years ago:

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”

– Alan Greenspan

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Preventing Mercury Exposure Kalimantan, Indonesia

Preventing Mercury Exposure Kalimantan, Indonesia:

UNIDO estimates that mercury amalgamation from this kind of gold mining results in the release of an estimated 1,000 tons of mercury per year, which constitutes about 30 percent of the world’s anthropogenic mercury emissions. It is estimated that between 10 and 15 million artisanal and small-scale gold miners worldwide, including 4.5 million women and 600,000 children [1].

According to UNIDO, as much as 95 percent of all mercury used in artisanal gold mining is released into the environment, creating a danger on all fronts—economic, environmental and human health (2005). Covered by the 2008 World’s Worst Polluted Places Report, ASM still threatens today’s world environment and public health.

H/t reader kevin a:

“And they worry about carbon emission??”

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Bundesbank Has Completed Gold Repatriation From New York Fed, Three Years Ahead Of Schedule

Bundesbank Has Completed Gold Repatriation From New York Fed, Three Years Ahead Of Schedule:

In January of 2016, the Bundesbank announced that three years after commencing the transfer of some of its offshore-held gold from vaults located at the Banque de France in Paris and the NY Fed in New York, it had repatriated a total of 366.3 tonnes, bringing the German central bank’s gold reserves held in Frankfurt to 1,402 tonnes, or 41.5% of Germany’s total gold of 3,381 tonnes, for the first time greater than the 1.347 thousand tonnes located at the New York Fed, which as of January 27, 2016 held 39.9% of Germany’s official gold.

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Arizona House Committee Passes Bill To Support Sound Money

An Arizona bill that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency, passed an important House committee this week.


Arizona House Committee Passes Bill To Support Sound Money:

A federal appeals court denied early on Sunday a request from the Department of Justice to immediately restore President Trump’s executive order on immigration and refugees, asking for more court filings before it rules on the matter.

As reported on Saturday night, the DOJ had filed court papers hours earlier seeking an immediate reversal of a ruling Friday against the executive order by U.S. District Judge James Robart of Seattle. Shortly after, the strongly liberal Ninth Circuit Court of Appeals denied the request for an immediate ruling, and instead called for written responses to the appeal to be filed with the court later Sunday and Monday. It was awaiting further submissions from Washington and Minnesota states on Sunday, and from the government on Monday.

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MiningFeeds.com

Gold: http://www.miningfeeds.com/gold-mining-report-all-countries

Silver: http://www.miningfeeds.com/silver-mining-report-all-countries

Lithium: http://www.miningfeeds.com/lithium-mining-report-all-countries

H/t reader kevin a:

“Great site.. Gives all the mining stocks around the world..”

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Peter Schiff Warns “Trump Deficits Will Be Yuuge”: What That Means For Gold & The Dollar

Peter Schiff Warns “Trump Deficits Will Be Yuuge”: What That Means For Gold & The Dollar:

Submitted by Peter Schiff via Euro Pacific Capital,

There is much we don’t know about how the Trump presidency will play out. Will the Wall get built? Who will pay for it? Will it have at least some fencing? Will repeal and replace happen at exactly the same time? Will Trump throw a ceremonial switch? Will there be a Trump National Golf Course in Sochi? It’s anyone’s guess.  But of one thing we can be fairly certain. President Trump is very likely to preside over the largest expansion of Federal budget deficits in our history. Trump has built his companies with debt and I’m sure he thinks he can do the same with the country. His annual budget deficits are likely going to be huge. This development will make a greater impact on the investment landscape than most on Wall Street can imagine.

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