We are just a bunch of sheep, with our heads looking at the ground and herded around by our government who continues to steal from us. When I say this, the government is taxing us. Yes taxes are great for government revenues, but it is absolutely crazy when they make, you, me and every other hard working citizen pay for their economic crises'. First I want to put a couple thoughts into your mind by asking you a few questions. Do you really think that banks are looking to support their clients? Do you really think that your money is safe sitting in their vaults? That money (cash) isn't even there, it's just a number they have written under your name in their "system". Think hard and long about this. Would you give your life savings to a man on the side of the street while you go in the store to get a coffee? None of you that are reading this article would but I guarantee that every single one of you has a deposit box or a bank account. Essentially they are the same thing in the world today. Banks will insure you up to $100,000. For a student, that's quite a lot of money, but for anyone who has been working for a number of years now, that's a joke. Last week I wrote about Cyprus and their bank collapse and mentioned, Whats stopping the US Banking system and Canadian Banking system from doing that to our accounts? Well guess whatI can give you that answer. Nothing. Canada has already started their "bail in" process as they call it. It is now confirmed that the Cypriot bail-in is anything but a one-off event, and is in fact the new collapse template for the entire Western banking system, and not just the ECB/ Eurozone. This excerpt was taken directly from the new provision on p 145. The Government proposes to implement a bail-in regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital; the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital. This is article is now critical for us citizens with bank accounts. We have not heard anything in regards to the United States about imposing such sanctions, but I can assure you, Obama will be looking this way in the coming year. We need to stop being told what to do, take control of our already taxed capital and get our acts together. Why should we pay these problems? Shouldn't they tax their CEO's and large bonuses? How about the investment bankers who will cause this loss of capital? On another note, what does this mean for prices of precious metals? Well we will see a sharp dip in precious metals as everyone is realizing that they cannot redeem their physical. As for the physical side of it, they should stay relatively strong and will take a small dip along with the paper market. We will start to see a large shift in markets in the coming months and I suspect the markets to continue to rally for the next month as new records are continuously hit. A buying opportunity will emerge for silver and gold, but for now I think we could see spot prices fall slightly. Please find my video on youtube via this link. Please rate/like/subscribe, i am happy to take all questions. [youtube]http://www.youtube.com/watch?v=8q6TSyuw0aM&list=UUPTqyq0Wb7YxvhgA11eFxDA&index=2 [/youtube]
Cyprus banking collapse is just the first sign of Cancer spreading in the North American and Canadian Banking systems. We are just a bunch of sheep, with our heads looking at the ground and herded around by our government who continues to steal from us. When I say this, the government is taxing us. Yes taxes are great for government revenues, but it is absolutely crazy when they make, you, me and every other hard working citizen pay for their economic crises'. First I want to put a couple thoughts into your mind by asking you a few questions. Do you really think that banks are looking to support their clients? Do you really think that your money is safe sitting in their vaults? That money (cash) isn't even there, it's just a number they have written under your name in their "system". Think hard and long about this. Would you give your life savings to a man on the side of the street while you go in the store to get a coffee? None of you that are reading this article would but I guarantee that every single one of you has a deposit box or a bank account. Essentially they are the same thing in the world today. Banks will insure you up to $100,000. For a student, that's quite a lot of money, but for anyone who has been working for a number of years now, that's a joke. Last week I wrote about Cyprus and their bank collapse and mentioned, Whats stopping the US Banking system and Canadian Banking system from doing that to our accounts? Well guess whatI can give you that answer. Nothing. Canada has already started their "bail in" process as they call it. It is now confirmed that the Cypriot bail-in is anything but a one-off event, and is in fact the new collapse template for the entire Western banking system, and not just the ECB/ Eurozone. This excerpt was taken directly from the new provision on p 145. The Government proposes to implement a bail-in regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital; the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital. This is article is now critical for us citizens with bank accounts. We have not heard anything in regards to the United States about imposing such sanctions, but I can assure you, Obama will be looking this way in the coming year. We need to stop being told what to do, take control of our already taxed capital and get our acts together. Why should we pay these problems? Shouldn't they tax their CEO's and large bonuses? How about the investment bankers who will cause this loss of capital? On another note, what does this mean for prices of precious metals? Well we will see a sharp dip in precious metals as everyone is realizing that they cannot redeem their physical. As for the physical side of it, they should stay relatively strong and will take a small dip along with the paper market. We will start to see a large shift in markets in the coming months and I suspect the markets to continue to rally for the next month as new records are continuously hit. A buying opportunity will emerge for silver and gold, but for now I think we could see spot prices fall slightly. You can find my videos on different current topics on youtube. Please follow this link. http://www.youtube.com/watch?v=8q6TSyuw0aM&list=UUPTqyq0Wb7YxvhgA11eFxDA&index=2 Subscribe for more in depth articles to come!
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These are not my videos...i apologize, they are my articles which someone has taken time to develop into a video - Purpose of my posts are not to be spam, but to cover current affairs. These posts and articles are written by me. Zero copywrite and no promotion.
Stop spamming the forum - plenty of threads in here about Cyprus already, no need to post the same thing over and over in multiple subforums.
Redeeming physical right now is becoming more and more difficult. For instance, certain german banks are offering only cash settlement for your gold. Soon every other bank will be doing that and we could see a collapse of the gold paper market.
A well presented vid with a link to the article in the description. Thumbed up. Subbed. 5***** ... interesting times.. thanks
So you're not talking about physical holdings at all then, but derivatives like unallocated accounts and future contracts.
exactly gino....paper gold is what im talking about. Although thats how we trade gold today...its been over sold and we dont have enough physical to back it. :S
Then don't call it Physical...and please stop the collectivist sharing of blame with the indiscriminate use of "we". Posting that "we are sheep" on a Silver Stackers forum and being confused over what physical bullion is, while pushing views of your video ain't much of an entrance and does little for generating credibility. Likewise, explaining to me why I'm right while I'm telling you that you are confusing concepts. Good luck in your efforts and welcome to the forum.
OP, I appreciate your message, but to be blunt you are preaching to the choir on this one... nothing you are saying is news to 99% of people on SS'ers. Just saying...
Further to the above.... I actually watched your vid. Are trying to be the same as SGTBull(crap) or Chris Duane (I prefer dunce myself). Your video very closely mimics their style of fear porn delivered by a disembodied voice... I take it your aim is to also mimic their success in creating a new flock of 'sheep' blindly following their every word for profit? (I didn't want to edit because I already had a 'thanks' and it would have been rude to assume they would also agree with my edit, so in a new post it goes ).
im guessing you have a bank account my friend? and account that is above 100,000 and your paying taxes? im also guessing that you have that in some sort of currency? Well guess what, your a sheep...with its head in a hole and not a worry in the world that you cannot see anything but the S**T end of the stick. Wake up...im not trying to be the Marc Faber of the world...and nor is that my youtube channel...just a subscriber, but one thing i will say is that taking precautions in key...not taking precautions is leaving all your eggs in one basket. Sometimes that delayed thinking citizen who left all of his eggs in one basket will have one stolen from him over easter...maybe inserting a little fear is going to make you act. When things are good, we dont care, when things are bad we seem to panic...why not live a neutral life. Your going to be long the economy, but when that slap in the face comes, its not going to be from your mother anymore saying that she told you so, it will be that ten cent hooker down the street (the "trusty" fed) that is taking everything you have away from you. Good luck on your endeavors.
