This week the hottest topic I feel and one that really ties in the Euro Zone, the metals beat down and the Ponzi scheme of the US/ Fed Reserve system is the admission in a very subtle way; that the Fed has no GOLD to pay the Germans.
This is a huge issue one that many do not know the magnitude of. You see the Germans are the least infected of the Euro Mafia Cartel Contagion. They have also realized that this La Costra Nostra is a crime family that is losing control of it’s operations, with members like Spain and Greece totally failed and the Italians following suite close behind.
The Germans know in the midst of a Euro Collapse and a population that has far grown disenchanted with the European Superstate, brimming over with nationalistic fervor; it will be suicide to go through a Euro Collapse and domestic upheaval at the same time. It would spell end to the German power brokers and as alluring as it was for them to be beneficiaries of the Euro initially, it has now become a pain and a death sentence. So the choice that they are facing is this: Go down with the Euro and lose everything or hedge yourself for a Euro Collapse and come out with the reigns of power in tact.
Merkel’s party is losing big, in fact any politician running on a pro-Euro platform is assured a swift and speedy defeat. This past week the Germans have demanded there gold back from the NY Fed vaults. To say that the Fed was stalling would be an understatement. They have used excuses such as there are “too many tourist/ visitors that security will be an issue” to I”t would take us up to 2020 to start delivery.”
So the 52 million ounce (German Fed holdings are approximately 1500 metric tons) question is where is the gold? The short answer to any of my German readers is that it is gone. For years German central bankers and politicians went by the simple word and written assurance from the Fed that their Gold is safe and sound. This however was simply based on the 1979 bar list and audit done by the Fed. The proverbial fox guarding the hen house. Now it would seem that the fox has eaten all the chickens but the farmer is finally awoken to the fact of his mistake.
Today legendary trader Jim Sinclair told King World News that the elites plan to use the coming financial chaos and destruction to control the masses. Sinclair spoke about the “Great Unwind,” what this means for gold, and how investors can protect themselves from what is in front of us. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say in this remarkable interview.
Sinclair: “The enormous violence in the markets is obscuring a very clear message. The message from Cyprus, that has also been written in various white papers and signed by central banks, the FDIC, Bank of England, and the BIS, is to get out of the system.
What happens to readers around the world is of primary importance to King World News and to myself. The meetings that I have already had, and future meetings still to take place around the world, have been for the purpose of keeping investors from having large portions of their wealth destroyed or stolen from them.
People have to understand that going forward large deposits by ‘non-insiders’ are no longer going to be permitted. The goal of this pre-arranged wealth destruction is to equalize the ‘new rich’ and the ‘upper middle-class.’ Those not on the inside, with the right families and the right companies, are not going to be tolerated in the ‘New Paradigm’ of currency and metal that we are now moving into.
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