While Americans, along with the rest of the world, have been hyper preoccupied the last couple of weeks watching Bob Costas and non-stop coverage of the London Olympics, very ominous news has been bubbling up from the fetid swamp of our planet’s secret banking cartel. It seems that the big banks and their respective governments are suddenly behaving as if they were anticipating an imminent financial meltdown.
Last Friday, Reuters broke the story that U.S. banking regulators had, for the past two years, secretly directed five of our nation’s biggest banks, including Bank of America and Goldman Sachs, to make emergency plans for thwarting a banking collapse.
Writes Rick Rothacker of Reuters, “According to documents obtained by Reuters, the Federal Reserve and the U.S. Office of the Comptroller of the Currency first directed five banks – which also include Citigroup Inc., Morgan Stanley, and JPMorgan Chase & Company – to come up with these “recovery plans” in May 2010.
“They told banks to consider drastic efforts to prevent failure in times of distress, including selling off businesses, finding other funding sources if regular borrowing markets shut them out…”
What was especially alarming in this article was a report that the banks were to “make no assumption of extraordinary support from the public sector.” Translation: it is getting really embarrassing for the Fed and U.S. Treasury, especially right before a presidential election, to promise another tax payer funded trillion dollar bail-out. Ladies and gentlemen, these are scary words indeed.
Giving credence to the Reuters story, consider these recent occurrences:
1 Over the past year, there have been literally hundreds of resignations from investment houses, world banks, and large money funds. According to americankabuki.blogspot.com, six hundred eleven of such resignations have taken place. Talk about rats leaving the sinking ship!
2 The incidences of insider selling among executives of S & P 500 companies has been the highest in the past ten years. CNN Money has reported that nearly eighteen hundred top S & P 500 insiders have been dumping their personal holdings as the markets have soared this summer. Says Pierre Lapointe, global macro strategist with Brockhouse Cooper, “Corporate managers are not buying the current rally…maybe you should reconsider whether to buy.”
3 The U.S. government may be stockpiling enormous amounts of food and supplies in anticipation of some major crisis. It is being reported that earlier this year, FEMA issued a “Request For Information” regarding the availability of 140 million meals of emergency food.
4 Homeland Security, earlier this year, entered into a contract with ammunition maker ATK to purchase 450 million hollow point rounds. Question: Is this starting to sound over the top? That’s enough “body shredder” bullets to kill every living American and then some!
5 The U.S. Army is purchasing riot gear in response to fears of growing civil unrest. Writing for infowars.com, Paul Joseph Watson reports the following, “A recently leaked U.S. Army Military Police training manual for ‘Civil Disturbance Operations’ outlines how military assets are to be used domestically to quell riots, confiscate firearms, and even kill Americans on U.S. soil during mass civil unrest.”
Folks, it’s time to get really serious about being prepared. Our federal, state, and municipal governments are mega trillions in debt. This debt is threatening to soon tear apart the economic and social fabric of our once great country. Our advice is to move as quickly as possible out of paper assets and into hard commodities – food, shelter, protective weapons, and precious metals. Let us help you secure your liberty with gold and silver.
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Written For: Liberty Gold and Silver News Blog