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  • Nothing Is Real In The Markets Anymore... What Could I Do To Make Money & Protect My Wealth?
  • If There Really Is A Currency War, How Will Silver & Gold Help Me?
  • If The Government Wants To "Help" Me With My Retirement Account, What Can I Do Now Before They Grab It?
February 12, 2013 12:42 pm est

Tuesday, Feb 12th 2013

Matterhorn Switzerland – Nothing Is Real In Markets Any More, This Will End Badly – I believe investors are focusing too much on the short-term movements in the precious metals.  Gold is up seven times in 13 years, and it’s likely to go up much more than seven fold in the next 4 years.”  “So the fact that we’ve consolidated near the highs for 17 months is only positive.  That will generate massive energy for the next move, and that move is coming soon.  So instead of looking at the short-term, we must step back and analyze what’s actually happening in the world. We are on the road to reality, but this reality will certainly be one where a large part of the world’s population will suffer.  For the privileged few that have savings such as gold and silver, these metals will continue to reflect the destruction of paper money.  But remember, precious metals must be held in physical form and outside of the banking system.”

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Private US Gold is Flooding To The East: Reuters reports that US gold exports in December were the highest monthly totals since Sept 2011, up a massive 43% month over month. An astonishing 1/2 of all US Gold exports in December reportedly  were shipped to Hong Kong! We are watching real US wealth flow straight to China in exchange for a few more months of normalcy bias can kicking.

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John Embry: 1,000 Ton Swing In Gold, Russians & Chinese Buying – Future gold production is literally set to plunge, I think there is no choice but for the price of gold to go ballistic on the upside.  It’s just a matter of how long these paper shenanigans can continue.  Once these (paper shenanigans) are over, and they will certainly be over at some point, the price will go up by multiples of the current level.”

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Eric Sprott – Default Coming As 850 Tons Of Gold Supply Vanished: So all of this printing is keeping the financial system together, but it’s not doing anything for the economies.  Some day there will be a default.  I don’t know whether there will be a default on the COMEX, or some industrial user announces they can’t produce something because there is no silver, but the word is going to get out here sooner or later, and it will be quite a euphoric time for the precious metals. It’s hard to predict when a default event would occur, but I think anyone looking over even 12 to 24 months has to realize we are getting very, very close.  And when it happens, there will be a substantial move in the price of gold (and silver).  We’ll make up for these last two years in no time at all.”

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CNBC: Currency War? Here’s How to Hedge It With Gold – “We think a currency war will be the biggest story of 2013 when we look back on the year,” Patrick Armstrong, managing partner at Armstrong Investment told CNBC on Monday. Armstrong said gold always does very well when there’s bad news, and said Armstrong Investment is long on the precious metal.

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Warning: Government Retirement Scam Uncovered


By Jeff Siegel | Friday, February 8th, 2013

Any time the government says it wants to “help you,” you should be worried…

As reported in Bloomberg, the U.S. Consumer Financial Protection Bureau is considering whether or not it should take on a role in helping U.S. citizens manage their retirement savings.

Folks, this reeks of yet another government scam designed to screw taxpayers.

Bureau Director Richard Cordray told reporters the agency is exploring this option and is interested in terms of what authority it has.

Translation: We’re looking for some kind of loophole that allows us to get at even more of your hard-earned money.

Sniffing Around the Catnip

Desperate to scrape up a few more bucks, the Consumer Financial Protection Bureau (CFPB) claims it’s concerned about retirees falling victim to financial scams.

How frighteningly ironic that the same folks responsible for building personal legacies with pilfered Social Security coffers are now worried about financial scams. I guess they just don’t like the competition.

But it really is no wonder the government is sniffing around this patch of catnip right now. After all, as of September 30, 2012, Americans held $19.4 trillion in retirement assets. That’s a major score for any criminal.

So the question is: Can they actually move forward on something like this?

Although the SEC and the Labor Department regulate retirement funds, the CFPB claims it can promote policy. In other words, it can lay out its plans for any lawmaker looking to get in on this heist.

 As well, the bureau could use its Office for Older Americans to claim jurisdiction. That office was initially created by the Dodd-Frank Act and comes with a mandate to enhance financial literacy.

Of course, while the bureau insists it’s only looking out for retired Americans, it’s also been very active in “protecting” college students. After all, it’s good to get their meat hooks in today’s younger generations, too, as baby boomers begin to go gently into that good night.

What Would Thomas Jefferson Do?

According to Cordray, the Consumer Financial Protection Bureau wants to find out whether students using college-endorsed banking products are getting a good deal.

Are these guys serious? So now they think the government’s job is to make sure people are “getting a good deal”?

You know, last year the bureau published an advisory for college students on the potential pitfalls of financial products… certainly a 19-year-old kid on his own for the first time is going to put down his red plastic cup of stale, warm beer long enough to give that a solid read.

Look, the truth of the matter is that college students represent a very lucrative market for the credit card companies. Why? Because college students, for the most part, are dumb. Give one a credit card with a 22% APR or a debit card that will likely be used so much with little oversight, overdraft fees are not only expected, they’re counted on.

Now, I’m not saying it’s right to maliciously target those who aren’t particularly responsible with their money. And I’m certainly no cheerleader for the banking industry, which has been in cahoots with the government while gutting our collective wealth. The fact that these guys have basically gotten away with the blatant theft of trillions of dollars is not only despicable, but should be cause for rioting in the streets.

But think for a moment how some of the actions of this Consumer Financial Protection Bureau would look like to the founding fathers of this great nation…

Imagine someone presenting a bill to Thomas Jefferson that called for the creation of a government organization to make sure college students are getting good deals on financial products – or a bill that charged the government with managing the retirement accounts of retirees (like George Washington, for instance).

Have we lost our minds?!

At what point did we decide it was OK to pay the government to micro-manage our own personal finances?

In any event, the very real possibility of the government “managing” your retirement should be a cause of great concern. And it’s yet one more reason you have to take responsibility for your own wealth creation and protection. Because mark my words, if you put that responsibility into the hands of the government, you’re going to end up broke and hungry.

So protect yourself. Eliminate your debt, buy gold and silver, plant a garden, and if you’re looking for some extra revenue generation on the side…

Find yourself a solid recession-proof Real Estate Investment Trust (REIT). This one, which actually collects rent checks from Wal-Mart, is probably one of the most lucrative in both good times and bad.

You can review some of the specific details for yourself right here.

Live honorably; live free…

Jeff Siegel for Wealth Daily