Wednesday, August 17, 2011

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.

21 comments:

  1. I have fond memories of august 2007, I had just traveled from conn to colorado to california over 2 years, I had conviction from my extensive travels in California how expensive the mortgage scam was going to be and how it had become a culture in California to cheat on loans. (I immediately went out and bought my 07 saturn with no job) I was living in laguna hills, watching bloomberg asia/europe online at night, Then up for a 6:30am market open. Just the same quiet feeling as now. i couldnt believe how the sukcers were going to get suckered back then and how banks had to go to 0 to make things right according to all the calculations. AND THEN THE MARKET WENT UP IN OCTOBER

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  2. 1....2.....3.......Scissors! Sleep tight....don't let the goldbugs bite!

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  3. I think they are just protecting what they have.
    Still alot of economic problems and nothing is being addressed.

    Daily Job Cuts

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  4. "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."

    Uhh yeah. Isn't that called fraud. Or am i missing something.

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  5. So I'm thinking the next bears video could be done in Spanish with English subtitles. Thanks Hugo. I owe you one bud.

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  6. agThug,

    Fraud, fractional reserve...a rose by any other name. Look out below. Down comes the empire.

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  7. WTF????I agree with Yahoo. Why buy the phyzz when you can just Rock paper siz for what ever you need. RPS could be the new currency. FUCK YES BITCHEZ

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  8. Tungsten is going to skyrocket. JPM need to buy as much as possible to fill the orders. It could be double or triple in weeks to come.

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  9. On the other hand, I think nothing will happen. There will be a coup in Venezuela in the coming days or weeks. Chavez will be killed. And no one will ever mention about the Gold... It will simply crossed out in the book as delivered..

    Or even better yet, no delivery will ever be made. They will just ignore Chavez. And no one in US or UK will ever know because mainstream media will not cover it anymore. It's like it had never happened.

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  10. Well I won't worry about the Venezuelan fleet parking off the port side...more worried about all the SNAP recipients when the SHTF! I guess it'll be like range density week, but with moving targets.

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  11. I have to admit that I'm a Bible believer.. And do believe were living in the end times.. And I've bought a lot of silver, but I still see

    Ezekiel 7:19 They will throw their silver into the streets, and their gold will be an unclean thing. Their silver and gold will not be able to save them in the day of the LORD's wrath. They will not satisfy their hunger or fill their stomachs with it, for it has made them stumble into sin.

    Kind of funny to me, that Silver is mentioned before gold in this passage.. Don't put all your eggs in one basket.. Invest in God ! I don't believe we can Save ourselves !

    But the Ponzi Scheme were living in, is World Wide! So what else is there to invest in, in the physical world..... But I keep Stacking .. lol

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  12. ok I am stocked to the brim with Phizz but still have the sickest feeling.....
    holly shit here it comes

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  13. What's interesting is that Chavez is likely just doing this to make it easier to pillage should he need to make an exit into exile, but it may be the catalyst that starts a much bigger run on the banks using a fractional reserve gold system

    The music may be about to stop. We'll see who has a chair and who ends up with worthless paper.

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  14. HHHMMM. Very interesting. What you ask? Oh, I don't know, it was 3:05 am on the east coast & silver just magically broke down 29 cents in 2 minutes ($1,425). Gee, could ANY market just by a kawinkydink open somewhere in the world? Oh, doesn't London open about that time? Or did some a-hole for HSBC do it to give London a little push? Criminals.

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  15. @missiondweller: as far as wherever you're at, remember the sheep will take fiat for a very long time. I keep telling the ones that ask me "what do I do": to keep fiat at home (in case of a bank run)because a single percentage of people understand what is going on. Unless you can do EVERYTHING (which noone can--LOL), you'll still need fiat for the grazing sheep.

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  16. Oh, no. Now I know why it went down quickly & is now rebounding...they had to close the gap at 40.08 on SIU11. Too soon to tell, but that could be HUGE. It is now at 40.22.

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  17. With Chaves taking over the mines in Venezuela it sounds like Atlas Shrugged is coming true.

    All it needs now is for Francisco d'Anconia to blow up the mines.

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  18. 4:12...looks like the whores are too afraid to do anything. They are waiting for the New York pimps..

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  19. kept hitting 40.36 @ 12.07 - 12.19 and bouncing back under. candlestick pattern looked like a plate. that can't be natural. finally breaks through at 12.20.

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  20. Maybe it should be rock, paper, phyz... and phyz wins every time.

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  21. its only 99.000 KG of Gold ! Atleast i'm grabbing my popcorn.

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