FRN

Fiat “Dollar” Says Gold And Silver Will Struggle

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Michael Noonan – We are taking another look at the globalist-owned Federal Reserve and their totally fiat Federal Reserve Note, more commonly and inaccurately referenced as the “dollar,” which it is not and never was.  The fact that people in the United States continue to believe that the “dollar” is real and the Federal Reserve is a part of the US government speaks to how successfully the total Ponzi scheme perpetrated by the elites over the last century plus has fooled almost everyone.

Today, cash is barely 5% of “money” in circulation, and the bankers want to do away with even that paltry source in order to fully gain control over the financial lives of all citizens.  The fact that this information still needs to be explained relates to the futility of the public ever wakening to the reality of how all Americans have been, and continue to be fleeced by the elites who control  every aspect of how the United States functions, including the bought and paid for politicians, starting with the corporate federal president on down.

Our take on the precious metals charts strongly suggests that gold and silver may work higher, over time, but it will be labored and not without intense effort to overcome the unlimited ability of the Federal Reserve [controlled entirely by the elites] to create an infinite supply of debt that poses as “money.”

Money does not exist in this country.  In fact, money does not exist anywhere in the world. What is money?  So few people know, and many who profess to know do not.  Money is a commodity with a recognized value.  Gold and silver remain the last known standard of real money.  Remember J P Morgan’s famous words:  “Gold is money.  Everything else is credit.”

Continue reading →

Market Bottoming? Big Rally Imminent? Reality Check Says NO

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Michael Noonan – The developing events over the past few months are so varied, seemingly unrelated but are all tied in, just not in a cognitive manner that makes sense, and almost all them are based upon lies by one government after another, the worst offender being the US.

We find it hard to make a cohesive explanation as to their impact.  This increasingly maze
of events is mean to confuse, to deflect.  It is a key element of the elites creating problems,
reactions [usually confusion or panic by the masses], and offering solutions.  Cyprus and Greece are similar examples.  The Ukrainian coup by the US, sanctions against Russia that have so badly backfired.  China an added part of the SDR, then maybe not.  The list is much longer.

Because we cannot make a hand-to-eye conclusion as to how the unfolding event affects the ongoing suppression of the prices for gold and silver, most of the world’s unfolding events
are directly or indirectly tied into PMs as they relate to the increasing currency wars, now
being stepped up by China.

When in doubt, we always revert back to that which cannot be denied: the reality of price.
Stories cannot be made up or twisted in an infinite number of self-serving ways to hide the truth.  What cannot be hidden is price and what it reveals.  For that story of greater certainty, we look to developing market activity and how it reflects the character of any given trend and where price fits in within the developing trend.

That cannot be hidden. Continue reading →

Congratulations, We Just Got Another 5 Years Of The US Dollar

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chinaSimon Black – It’s eerily befitting that at this very second, all of South China is frantically anticipating a major storm bearing down on the region.

In this part of the world they call them typhoons, which comes from the Chinese ‘tai fung’, meaning ‘strong wind’.

And strong they are. Here on the 33rd floor of my hotel in Kowloon right now, I can hear the wind whipping ominously as if it’s about to blow right through the windowpane.

Just across the border in Shenzhen, there’s an even stronger wind, blowing trillions of dollars of wealth right out of the system.

And more than that, it’s blowing away confidence.

Financial systems are based on confidence. Think about it– these governments and central banks have absolutely nothing tangible to offer.

They print up countless pieces of colored paper backed by nothing of value and pass it all off as ‘money’.

They rack up trillions worth of debt and act like it’s inconsequential.

Banks operate by keeping only a tiny fraction of their customers’ funds on reserve, loaning out the rest for wars, ghost cities, and bridges to nowhere.

These shaky nodes make up a perilously fragile financial system that is just barely held together by a very thin veneer of confidence.

In order for it to continue functioning, every participant in the financial system must have confidence. Or at least have confidence that everyone else has confidence.

Without confidence, the system collapses very quickly.

Think about what happened in 2008: suddenly the market lost confidence in the solvency of some of the biggest banks on Wall Street, and overnight the entire financial system was in crisis.

Confidence is everything. And China just lost it. Continue reading →