October 2024

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October 8 to Colombus Day or October 14: The American Empire is over, just like the British Empire was in 1939.

Updated Sections: Crude Oil price, Germany, Panama,

The American Empire is over, just like the British Empire was in 1939. Even if Trump wins the elections, he can do nothing.  It's too late. They've allowed CLOWNS and monkeys to run the USA for way too many years. Having said this, as the Americans have become a bunch of freaking IDIOTS,  it is absolutely not sure Trump will win the elections.  This is why we have decided not to extensively cover the 2024 November elections.

Political power corrupts because it is itself corruption.  It is the legalized privilege of using brute force on persons who have not harmed anyone. Politicians, in pursuit of power, create the economic environment rather than rational decisions designed to serve the population.

Central banks and gold banks keep buying gold like there is no tomorrow and having it delivered, while small investors keep selling it at a profit—because there is a profit. When things get critical, they will limit or forbid the ownership of Gold and Silver. This is about to happen in Israel now. Soon, this is to happen all over the West.

Possessing significant cash substitutes, including Bitcoins and other cryptos, will also become prohibited. During the 1940s, it was even forbidden to cross the German border with a book script, a painting, etc. Note that lately, Bitcoin has been doing rather poorly compared to Gold.  The dream is almost over?!

WHY IS IT SO HARD FOR PEOPLE TO UNDERSTAND YOU CANNOT MAKE REAL MONEY OUT OF THIN AIR..IMPOSSIBLE!

As we expected, Word War III is spreading each week.  After Gaza, we have Lebanon and Yemen, Syria, and now also Iran. The war is not only spreading in the Middle East but also in North Africa.

We have literally thousands of years of history to examine when it comes to this question. Historically, a few people will see the writing on the wall and arrange to have a plan B and a safe house in a safe country. But the great majority will wait until the last minute, and when it comes time to make a run for it, they may have no plan whatsoever. So, we’ll see panic exits—many people attempting to leave due to some ‘last-straw’ event. It may be similar to the 1930s.

A wider Middle East war will stop oil flowing. As things unfold and worsen,  Iran just needs to block the Street of Hormuz to push the price of diesel and gas in Europe to €5 and possibly higher. We all know what this means for Europe, don't we?

Energy prices can do a lot of harm to the European Financial system. They could be the spark that sets everything on fire.

We’re living in a house of cards. The banks are leveraged to the hilt, holding trillions in Treasury bills that they’ve used to issue even more debt.  But when the music stops—when confidence in the Euro (U.S. dollar) falters—these banks will face a "liquidity crisis"  like we’ve never seen before.

Unpayable debt is not just a US problem. This is all over the world.  Central banks are having to issue huge amounts of debt because we are in the exponential decay phase.  It’s inflate or die; the only way to inflate is to create more money supply. “The coming financial collapse will be worse than anything we have ever experienced. This will be far worse than the Great Depression simply because society itself is far worse. .

Back in the Great Depression, you had neighbors helping neighbors. Today, you will have neighbors picking on other neighbors like vultures.”

There is no way the system survives as it is now. It’s mathematically impossible.  So, if it is mathematically impossible, are they going to blow smoke . . . up until the day it blows up? They have to kick the table over to avoid finger-pointing. War has always been an excellent excuse. What could go wrong?  By the end of the year, the US government will have to roll over $10 trillion in debt. Meanwhile, the US government piles on $1 trillion in new debt every 100 days. In Europe, EU countries cannot devalue their currency to stay competitive with exports.

I can't believe it. There are so many live and recent examples of the scenario to come, and people still don't believe it, don't do the right thing, and don't act.

The entire system is built on confidence, and that confidence is rapidly eroding. The cracks are already visible: skyrocketing asset prices, insane corporate and household debt levels, and the Euro (dollar) becoming more worthless by the day. Once the confidence breaks, banks will start to panic. They’ll dump their assets, credit markets freeze, and liquidity vanish overnight. The Fiat Money will disappear...into nothing. Volatize.

What happens then? **Deflation**. Not the mild deflation you read about in textbooks, but a brutal, crushing deflationary spiral that wipes out trillions in wealth almost overnight. The economy will seize, and we’ll enter a new dark age of financial chaos. Your home will be worth NOTHING...

The elites know what’s coming. That’s why they’re buying up physical gold and silver. They’re positioning themselves for the post-collapse world. Are you? We’re in the final stages of a long, slow collapse. The warnings surround us, but most people are too distracted to see them. My advice? is "Prepare now. Get out of the system and out of Real Estate while you still can. Because when the collapse comes—and it will—it will happen fast. And most people won’t even know what hit them.

Chaostan (see map below) has become a reality and encompasses not only the Middle East and the East but also Africa, Yemen, and Sudan, to mention some. West Europa has become a communist nest where all economic and financial activity and freedom are killed more each sunrise.  It all happened so slowly that the herd (majority) didn't even notice it. Now that almost everything is digitalized, it takes less than 24 hours to freeze the European Financial system. This includes Andorra, Monaco, Cyprus, and even Switzerland. Orwell-1984, the D.D.R. of the 21st century has been put in place.

Canada, thanks to Trudeau, has also become a communist nest.  Everybody should remember how all the financial accounts of the COVID-protesting truckers were frozen. Few know that although Canada has vast oil reserves, it is so poorly managed that the country must actually import oil from the Middle East.  I would say, Venezuela, here comes Canada with Clown Trudeau.

The United States circus, run by Democrats, is involved in more than 40 wars all over the world.  At the same time, homeless people are becoming routine, and special parking is offered to the people living in their cars. Fentanyl-drugged people are seen in almost every large city. In other cities/states, armed groups of immigrants have taken over whole quarters and are pursuing the rent instead of the landlords. Recently, in South Carolina, they arrested a gang of Venezuelan migrants who were robbing the locals of what was left after the Helena Hurricane.

Keep your savings safe even during the worst times with physical gold stored in the best place for wealth preservation. We've eliminated the guesswork and found an ideal solution that will help keep your gold safe and within your control.

Our Real Estate Corner:

• Remember that once the financial crisis starts, it will be impossible to SELL Real Estate.
• Those who sold Real Estate at a 35% loss at the beginning of this year and invested the funds into physical gold/silver are now making a profit.
• If you own Real Estate with a mortgage, you are out of your mind and know that you have already signed your own financial death by doing so.
• In the EU, and as a starter, REAL ESTATE will be heavily taxed in the Netherlands. I can't repeat it enough: Real Estate is the IDEAL TAX COW for the government.
• Click on the picture below for more (important)...I am 100% sure that the Authorities will use Real Estate to tax their subjects to death! They did it several times in history and will do it again.

Important Fundamentals:

• All our silver miners

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Important Technicals:

• Crude oil is still bottoming but about to break out to the upside.
• The US dollar is about to fall through the floor

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Tuesday to Monday, October 1-7,  2024: Does a bunch of illiterates populate the world? What is wrong with most (so-called) financial and political analysts?

Updated Sections: Corporate Bonds, 

Does a bunch of illiterates populate the world? What is wrong with most (so-called) financial and political analysts?

Chairman of the Russian State Duma Vyacheslav Volodin: For those who didn't understand it the first time, today, the European Parliament called on EU countries to lift restrictions on Kiev's long-range strikes on our country's territory, increase military support for Ukraine, and announce a collection of funds from the people of Europe for the needs of Ukraine's armed forces. I repeat it. If something like this happens, Russia will react hard with more powerful weapons. No one should have any illusions.

The flight time of the Sarmat rocket to Strasbourg is 3 minutes 20 seconds. The SARMAT is Russia's newest multiple nuclear warhead missile, capable of carrying fifteen (15) independent warheads of the Avangard design. The missiles fly at Mach 27 (32,000 km/h) and cannot be intercepted or stopped.

What is wrong with most people? Most people spent the past weekend thinking about how they would spend the long-awaited end of the work week with their friends and family.  Few realized how close they came to realizing the gruesome scenario described in Annie Jacobsen's alarming must-read book Nuclear War:  A Scenario that Only Takes 72 Minutes.

No more time is needed to end the world as we know it—less time than most films playing in your local theater. Most people wouldn't be able to drive to the local hardware store to buy the materials needed to do the minor repairs around the house, usually waiting until the weekend.

Walking the dogs? Playing with the kids? Forget it. 72 minutes. And everything you thought you were living your life for would be dead.  If you live in a city, you will not make it—end of story. . . . And if you survived? To quote Nikita Khrushchev: “The survivors would envy the dead.”

They must create war before January, if not before the election.  I think this is what all this stuff is about with the long-range missiles to shoot into Russia. If Trump does get in, they have to trap him into war. Trump is against war. . . .

There will be massive unrest if there is an election, no matter who wins.  If Trump wins, there will be unrest that is paid for (by Democrats). If Kamala wins, you will finally see polite conservatives who have followed the rule of law, who are finally going to say that’s the last straw. So, no matter who wins, there will be massive rioting, which could lead to civil war.

Apart from a political crash, we are also expecting a Financial crash.

Every day you wake up, you are only 72 hours away from the financial drama.  Timing is impossible. All I can say is the financial system in the West will crash. From a math standpoint, this Financial Mad Max scenario is going to happen. . . .Once you get derivatives cascading, it’s a 72-hour event, and no markets will open anywhere. When markets don’t open, that means there is no more credit. When there is no credit, the real economy stops.”

The Dow and SP500 are not defying the analysts. They are just defying the BLIND ones. I predicted over and over again that the Stock Markets would go higher, a lot higher, and I explained WHY. Today, it becomes clear that most analysts don't know their profession. That they are nothing more but “snake oil merchants.” I can't believe this is possible when we have so many modern examples of what happens when authorities and Central Bankers do what they do today. Look at Weimar, Zimbabwe, Venezuela, Argentina, Lebanon, Turkey,...What the heck is wrong with the world?? History repeats because people refuse to learn from history!!!. If stock markets crash, it will be because the financial system crashes, banks go belly up, and Fiat Money has no value. (See the subscribers section for more information.)

We may well see a physical gold price of $125,000 and a futures contract price of $10 because paper gold cannot perform. A silver squeeze could be the switch propelling the gold price to unseen levels. There are no real overhead resistance levels for silver, not even $50, as the trading volume at those levels was too thin. Silver will be the fuse to the price slingshot for gold.

If you calculate all the gold the USA should have since the last 1950 audit, with a total US debt of 35 trillion, Gold should trade well over $125,000.

But the government can, of course, never afford to repay the debt in taxes and other levies.  Nobody understands that the consequences will be a catastrophic drop in the value of money, poverty, famine, shortages of many items, homelessness, social unrest, and probably war. 

Once a country reaches that stage, the government is powerless. It is bankrupt and has no funds to assist anyone.  The risk of anarchy is high since the government will have few tools to maintain law and order. 

So, how can we predict such a dark period? It requires no predictive powers but just a study of history.  Please read the"Gold & Silver timeline & Legal Theft”  and see how authorities hopped on and off the Gold Standard each time it was required, and the citizens were forced to pay the bill.

AN ILLUSORY FANTASY GAME

Current growth is derived from creating debt (money) with ZERO intrinsic value, so the growth is only illusory.  The world will soon understand that it is all a fantasy game, with trillions of unreal assets created by even more trillions and quadrillions of debt (including derivatives) made out of thin air. It is a Mississippi Scheme, a Tulip Bubble, and a Ponzi scheme all at once.

In the next few years, the world will realize that debt (currency) has zero value since neither sovereigns, corporations, nor individuals can repay their debt or even afford the interest.

Remember that the official global debt is around $350 trillion-plus, a big part of the derivative time bomb, which could be into the quadrillions. Much of that will transition to debt. As the debt implodes, so will all the bubble asset values. The billionaires will lose all or most of their wealth, and the trillion-dollar companies will lose all or most of their zeros (of their wealth). 

The wealth transfer will be shocking.  The wealthy have the most to lose. Some have been clever and are debt-free, but most are leveraged and will lose everything. Everyone will suffer, rich or poor. However, the poor and ordinary people have the most to lose, with no reserves, no safety net, and a bankrupt government that can’t help them. 

The asset-rich BRICS countries will be major beneficiaries, while the debt-infested West will experience the end of a major era. These are all major shifts that will evolve over decades and even centuries.  But the beginning could be very rapid and probably violent for the whole world,

So many factors come into play. Economic decline, financial collapse, wars, political and social unrest, poverty, food shortages, and mass migration led to major cultural shifts. Today, most big cities in the Netherlands, Belgium, France, and England are predominantly populated by barbarian invaders.

So how can we be so confident that all this will take place?  Well, that is what history tells us with great certainty. History never lies, and it never fails us as lying politicians do, without exception, for their political survival. But history doesn’t tell us when, of course. So, the exact timing is always unknown. We also know that the world has never experienced a global debt bubble of such magnitude as we have today. 

So, the timing is almost irrelevant.  It’s important to understand that the risk is now higher globally than at any time in history.  The odds are that those who do not prepare properly NOW will end losing all of their assets and savings. 

DOLLAR, EURO, GOLD AND EXCHANGE CONTROLS 

A continued and steep dollar decline in the coming years is a virtual certainty.  As there has been no gold window to close since 1971, the US government is almost certain to implement foreign exchange controls as the dollar falls. I wouldn’t be surprised if it comes relatively soon, but the timing is irrelevant. The risk is here today; now is the time to prepare for it. 

Thus, it would be advantageous for Americans and Europeans to have funds or assets outside of the US and, respectively, Europe (including Switzerland) as soon as possible.  Physical gold and silver are clearly the best assets to hold as they also protect against dollar debasement. Real Estate is the worst asset as one cannot move it "out of Political Reach."

Switzerland and Singapore are certainly not good places to hold gold. Switzerland has become a "de facto part" of the EU by accepting CRS  and blocking Russian bank accounts and other assets. Exchange controls, CRS, and FATCA will all be welcome mechanisms to stop capital flight. Singapore is part of the East bloc, and unless you are Chinese, it is a NO-GO.

What is extremely important is also not to hold your precious metals through a US-European-Swiss company or other entity, which the US-EU government can order to return the gold or silver from a foreign vault to the US-EU.

Instead, one must hold his metals in a vault with a concierge service located in a tax-free zone in a neutral country where capital gains are not taxed. One keeps full flexibility regarding where to ship and sell his metals. Like Panama, where you have the concierge service and full flexibility of your metals, you can sell these anywhere on "Planet Earth " and wire the result of the sale anywhere on the planet. This is really unique.

After Walmart, Costco also sells Gold bars like there is no tomorrow (members are allowed 2 x 1 oz. bars each).  The American citizen is more intelligent than the average Belgian. Maybe because the Belgian nose is obstructed by "bricks and cement," and he has not experienced a "real estate crash" yet. But there is no doubt the hard lesson will come very soon. The Germans had their lesson during the real Estate was bombed) and after World War II. They learned the hard way.

Our Real Estate Corner:

• Rent prices fall drastically after Milei repeals rent control in Argentina.
• Prepare for a Canadian Real Estate crash.

First, the Real Estate market dries up; next, it crashes.

Important Fundamentals:

• So, as the automobile sector goes, goes the economy! Consumers in every time zone are ditching their Chevys, VWs, and Hondas in favor of new models from Chery, MG, Changan, and BYD. China will export a whopping 6 million cars to more than 100 countries this year, cementing its position as the world's number one exporter. The average price of those made-in-China cars is $19,000. That's less than half the average price of a new car in America and Europe. (New European vehicles are even more expensive than the USA - often double as costly). American and European automobile manufacturers will have to close down their plants, resulting in massive unemployment. The process has already begun.
• Israel is one of the first countries to limit the possession of gold and silver...others will follow!
• Costco began selling gold bars in the fall of 2023. Wells Fargo analysts estimate that Costco sells $100 million to $200 million in gold bars each month. History learns that Americans have a good nose for Gold—much better than the nose of Belgians, which is obstructed by bricks and cement. (click on the picture below for the video)
• The paper gold markets are now heading for a liquidity crisis as various central banks worldwide continue to For premium members only.
  

Important Technicals:

• A ratio of silver gold 80 to 40 means that at 40, you can buy 2 oz of silver instead of 1 oz. A ratio of 80 to 10 means you can buy ten times as much gold during a silver squeeze. See chart below
• See the charts below.

Note that the 1929 crash happened because the banks went broke, and the money supply disappeared.	Note that while the Dow Jones continued to reach record levels on the chart to the left, the inflation level did the same: this is NOMINAL CONFUSION.
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Here's a long-term chart of the Silver/Gold ratio; note that the ratio fell as low as 10 in 1980-81.	A strong Buy!
From now on, Gold will perform better than stocks.
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Gold will go much, much higher...Better, FIAT MONEY will crash to ZERO, and the Gold price soar exponentially.	Interest rates have broken their downtrend

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