Demand for both physical and paper currencies
is through the roof. What is happening? What has the markets so spooked and
why is the canary in the coal mine crying out in pain? Perhaps there is more
to this market than meets the eye.
Of course, it has been that way ever since the banking elite took control
of the money system and systematically dismantled what little freedom we once
had in regards to our money. Yet, from time to time, information leaks out
and the tinfoil hat that so many of us in the precious metals community are
accused of wearing can safely be removed.
The latest leaked news has set conspiracy and market speculators’ heads
spinning. Last week saw an unprecedented event occur, when both the President
and Vice President attended a "closed-door" meeting with Janet
Yellen and FED board members.
This is unheard of and is truly shocking to market participants, as rumors
now abound as to what could have caused such a serious meeting to occur. Is
an unknown disaster rapidly approaching? Are the markets set for an implosion
of epic proportions? Or were they just sitting down for a friendly chat? The
latter is very unlikely and is, of course, sarcasm, even if we wish it were
not.
After this meeting, two more extraordinary
meetings were leaked that occurred over the course of a few days. What
has been rumored is that a crisis is indeed in the works, and it is in
regards to a "bank supervisory matter." What bank? What is
happening? Why is it happening? These are just a few of the questions that
people are desperately grasping answers for.
If a banking institution is truly on the brink, then a 2008-style
financial collapse could be just around the corner. This would have officials
even more petrified than ever, as it is well-known that the FED has fired its
bullets, and with interest rates at near-historic lows, there is little they
would be able to do. Especially given the fact that money printing is having
nearly no effect on the real economy anymore – other than causing inflation –
and has expended its "usefulness."
Regardless of what the truth is, something very serious is brewing behind
the scenes. These meetings are proof of that, and would not have occurred
otherwise. Gold and silver are exploding higher in the face of this, and the
US Mint has once again reported staggering demand.
Hopefully, you the reader are at least prepared, even if the vast majority
of the population is blissfully ignorant and set for a crash of epic
proportions. Also, let’s hope that for the good of the world, you will not
get to benefit from this preparedness and that the rumors are just that –
rumors. Fingers crossed.
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Nathan McDonald is a libertarian, entrepreneur and precious metals
enthusiast. He has always taken a keen interest in free markets and
economics since an early age, which naturally led him to become a true
believer in precious metals and all that they stand for.
Nathan served eight years in the Royal Canadian Navy as an
electronics technician, seeing the true state of the world, before starting
his first successful business. He has since gone on to create a number of
businesses, all of which are still in operation and growing.
In addition to this, Nathan runs a network of successful precious
metals blogs, and a growing newsletter that has attracted readers from all
around the world.
He is a regular and highlighted writer for the highly respected
Sprott Money Blog, which covers world events, geopolitics and of course
precious metals.
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The views and opinions expressed in this material are those of the author
as of the publication date, are subject to change and may not necessarily
reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the
accuracy, completeness, timeliness and reliability of the information or any
results from its use.
