Sunday , 26 May 2024

These 5 Events Need To Happen Before We See $2,000 Gold & $50 Silver (Again)

There are 5 major geopolitical and economic events that must unfold before we can…[move to] $2,000 Gold and $50 Silver. Take note: here they are.

1. The futures market must fail.

There has been a near-perennial prediction circulating that COMEX will at some point, fail to deliver physical gold in settlement of contracts for which physical gold is demanded. Such an event would certainly catalyze an event equivalent to the bursting of the Hoover Dam for gold and silver prices, as it would essentially point to the veracity of what up to that point would be considered ‘that conspiracy theory”.

How does the futures market continue? One must surmise that those demanding settlement of contracts in physical gold are being dissuaded from their insistence by the payment of some kind of premium to go away. This would be facilitated by the massive counterfeiting operation run by the U.S. government called Quantitative Easing, or Cheque [Check] Kiting. What would you call it when the buyers of your debt is 20-40% yourself and your affiliates?

2. Quantitative Counterfeiting Easing must end.

Ahh…the most abundantly visible and glaring proof that the entire world monetary system is predicated on the predation of the minority upon the majority. The government writes cheques [checks] to itself and then compounds the thus counterfeited capital through the process of fractional banking – wherein any institution lucky enough to have a seat at the table is allowed to lend out the bogus debt instrument it buys from the U.S. “Fraudulent Reserve” at up to 12 times. [This action] handily permits the printing press to offset losses incurred by Off Balance Sheet entities that absorb the mathematical losses incurred in running the futures market gold price manipulation…

3. The U.S. stock markets must experience another 2008-style rout.

That’s not quite as distant a possibility as it might seem in this most exuberant market but keep in mind, these all time highs are being purchased with fabricated currency in which all confidence is derived from coercion, collusion and fraud.

Small cracks appearing at the base of the global financial system…portend potentially much bigger systemic difficulties ahead. There are all kinds of distortions skewing world markets right now as a result of so much capital fabrication…[causing] odd and unexpected threats to materialize and, after the last massive melt-down – not really so distant in recent memory, it wouldn’t take much to launch a complete rout.

4. Interest rates must rise.

Warren Buffett called securitized debt obligations weapons of mass financial destruction. He was somewhat accurate but they are nothing compared to what the U.S. dollar is doing to the global financial system as we speak. I know, I know…conspiracy theory, right? Stay tuned.

5. China must begin to dump its U.S. Debt holdings.

That will be the nail in the coffin. The spark that lights the fire.

China currently holds >$1T in U.S. debt and that’s the main reason why the U.S. looks the other way when China’s massive and daily abuse of its own citizens’ human rights are concerned, why China is so aggressive with its neighbours [neighbors] and why China is the biggest threat to western interests politically, militarily and economically.

The unwritten agreement states that China will continue to purchase and hold U.S. debt as long as the U.S. in turn does not impose its democratic agenda on China, or interfere with China’s hegemonic ambitions…However, when the interests of China begin to diverge from those of its largest borrower, the powerful economic hand held by China will be played against the United States,

  • the U.S. dollar will collapse,
  • interest rates will soar,
  • Quantitative Counterfeiting Easing will end or almost end before the market’s nosedive reverses the Fed’s course, and they can’t build printing presses fast enough.

Overall, with expanding population, diminishing resources, spreading conflicts, increasingly catastrophic weather patterns…and accelerating greenhouse gas emissions, the future for humanity is a little bit dark, to say the least all of which is absolutely great for gold.

Editor’s Note: If you found the above edited [ ] and abridged (…) version of the original article by James West (midasletter.com) informative and a fast and easy read, please DONATE something towards the costs involved in providing it. I find it demeaning to ask for money but it is either that or converting munKNEE.com into a fee-based subscription service which I don’t want to do. Any amount would be appreciated. It all adds up in the end. Thank you.
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