Is Venezuela getting ready for TSTHTF?

For starters if anyone missed Yahoo's front page today, here it is. While Venezula is starting to nationalize everything, Yahoo's has instructed us on how to win rock, paper, scissors. See below.

Moving onto less important stuff, I would like to highlight this comment below:

"Foreign Minister Nicolas Maduro said the world's financial system, based on the dollar, had entered into a crisis of uncertainty and we are planning to construct a new international monetary system, and especially in South America, protect ourselves from this situation"

Come again...?

Foreign Minister Nicolas Maduro said the world's financial system, based on the dollar, had entered into a crisis of uncertainty and we are planning to construct a new international monetary system, and especially in South America, protect ourselves from this situation"

Okay. Now that we have looked at that twice, I beg to ask the question; is this the start on the BIS run of unallocated Gold? Because if it is, its about to get really ugly, really fast. If we see a second major country do this by Friday, watch out.

I've said this numerous times...it feels like those quite days of August 2007 packed full of irrational exuberance in the equities markets....something is coming.

For an easy analysis on what is going on in the JPM vaults and how the bullion banks are about to be caught offside, I take some words from Dave in Denver: "Here's how it works. JP Morgan sells Comex gold to hedge funds, who then opt to safekeep it at JP Morgan's Comex depository for a 15 basis point fee. It makes the purchase very simple, the "storage" inexpensive and enables the hedge fund to seemingly have possession of physical gold. But in reality all the hedge fund gains is a "security interest" - or paper documentation - in the gold rather than the actual gold. Here's why: how many of those hedge funds will actually ever ask for delivery of the gold into a private depository or go visit the vault to make sure that the gold it purchased is physically sitting in a separate, allocated bin? JP Morgan is "banking" on the fact that none of them will. This enables JP Morgan to make an electronic ledger entry and create an account statement showing the market value of the gold purchased, but it never has to actually produce the physical bars and deliver them. This dynamic permits JP Morgan to sell gold that the bank is never held accountable for. This is exactly the scheme Morgan Stanley used with their silver fraud on a much smaller scale, that GLD and SLV use and that the Comex and the LBMA bullion banks use for their futures/forwards business." Click here to see more...

Just like a bank run of fiat cash, the bank has no fiat cash to give you if enough sheep depositors show up with their hands out. Dont think for one second that there wont be a run on the bullion banks and when this commences, which it already has I think, is when the 5th inning has commenced.

Those of you reading this and then looking into your physical stash saying, "I can wait to buy the dips" give your head a shake, and start loading that Phyzz up. Saving a buck here and there is ridiculous. You will be sorry one day and have to pay a 25% premium overnight. Mark my words.

To conclude, Harvey says, "You can now imagine what is going on behind the scenes. The Bank of England will recall its gold from the GLD. If that gold from GLD is now gone to sovereign China, India, Russia, South Korea, Mexico, and to wealthy Europeans fleeing the Euro, then the Bank cannot retrieve its swapped gold to repay Chavez. Not only that but the Bank of England is not the ultimate owner of the gold..it is probably wealthy Arabs or oil barons like Chavez. You can now imagine the wild scenarios possible. Gold was at its nadir of the day and shot up big time on the news of the repatriation of gold. Many understand the significance of today's announcement."

I will leave tonight at this; I sleep easy knowing full well nothing bothers my physical. I wake up the next morning knowing its still there. I wake up knowing that the spot price means nothing in this manipulated spot price world. I wake up knowing that it doesn't matter if that hedge fund blows up or if that bank goes under. I wake up knowing that my junior mining portfolio might go to zero, but I take the chance to make some extra fiat and turn it into phyzz asap. I wake up knowing that no matter what happens that day, no matter what happens that hour, no matter who nationalizes this or that, no matter if all currencies go to zero tomorrow, no matter if WW3 starts next week....I ....am.... ready...because I had the foresight to listen and take a chance that the world is about to change.

You know how to thank me.