The Mission Of The Silver News Surfer Has Always Been & Will Always Be – To Preserve Your Wealth, Protect Your Purchasing Power and Create Generational Wealth!
May Health Wealth And Success Be Yours!
On to the business of protecting your wealth…
I’ve got only one word for you today… CHINA And they’re getting pissed!
Seriously… How would you feel if I owed you a few trillion dollars and in my basement I had a printing machine and I kept it running day and night, which would make the interest I am paying you worth less and less everyday? Got Gold?
That’s how they feel too. In fact, China renews its call for a new Global currency as Hong Kong gold imports surge to highest ever on record, more than monthly global gold production those are bold statements and impressive numbers.
Meanwhile, here at home; the government is still trying to pull the wool over our eyes saying that everything is A-OK. When this week Jobless Claims Go Ballistic: Government Shutdown, Computer Glitch Blamed We will see how they defend this one!
If we are in a recovery, then why are these mega-corporations firing thousands. Retail and Restaurant sales are plunging. Consumers are scared straight.
I read some of this stuff and can’t believe my eyes. True or false, I post it so you can make that determination for yourself rather than me make it for you… Power Mad Obama Offers Two Choices: Unconditional Surrender Or Default
Again, you decide… Fact Or Fiction: Obama Administration Proposes 2,300-Page “New Constitution”
In an interview on CNBC, Jack Welch, former GE Boss says The President has become too powerful Ya think?
Don’t look at that pretty shiny stuff people… Look at these dull green pieces of paper! There is only so much of that shiny stuff to go around, but we can continue to print this dull green stuff by the truckload. It’s like magic! Hocus – Pocus
Excuse me, I have a question – You say you’re not sure if all markets are manipulated?
How is it that yesterday, the Stocks spike 2%, log 2nd best gains of 2013 “amid debt deal hopes;” and Dow skyrockets 300 points, yet the metals barely moved. Isn’t a debt deal just more money printing; which decreases the value of the dollar and increases the value of hard assets?
Did you guys go out and buy stocks yesterday? Somebody did and as shown before, this is algorithm computers just buying and selling to each other.
Meanwhile, the shutdown continues to detract from much bigger global issues – Bigger risks to the global economy have been overlooked in recent weeks amid intense focus on U.S. politics. In fact, a new poll suggests that Americans Have Never Been More Dissatisfied With Government But heck… what can we do? Remember the brief video I showed you last week about the dots?
I know its confusing guys, but we’ve gotta get a grip and make some serious decisions – We have to be able to see through the charades in Washington and stand up for ourselves. How? Take a portion of your assets and store them outside the financial system!
Allow me to assist you in understanding these ever changing and challenging financial markets and more importantly, how you can profit on the upside potential and protect yourself from the downside risks….
Now, onto the breaking news that matters…
5 Ways To Protect Your 401K From Being Stolen By The Government And Banking Elites – You will lose most of your money by a transfer of wealth. In a nut-shell this happens when big hedge funds and mega banks (the one’s that actually move the markets) sell their own shares which happen to be the same investments that you have made in your 401k. The money or value that you once held in your 401K won’t just disappear- that wealth is sold and moved to another place before you knew what happened.
What was once $300-400k, will be considerably less after all this thievery, maybe less than $50k. These numbers are just estimates, and could swing either way depending how bad the collapse gets.
What Investors Must Know If There Is A “Catastrophic Event” – This (the paper market) is something that potentially breaks down as more and more large entities and investors decide that they want physical gold, rather than some paper claim. I also still believe the June low in gold was a ‘hard’ low.
Even though this grinding consolidation in gold seems to be taking forever, my prognosis is still that we are building a solid base for the next move up. What’s going to trigger that move higher is anybody’s guess, but people have to understand that where gold is currently trading is about the level where gold companies cannot build new mines.
Right now the general stock markets are overvalued, and the earnings cycle is turning down, so it seems to me that equities are vulnerable. Bonds are also vulnerable because of the Fed’s balance sheet and the fact that if they try to exit, they will have second order consequences, which are not good for the financial markets.
Bernanke more likely to boost QE than taper: SocGen – Fed Chairman Ben Bernanke will not taper the Fed’s bond buying before his term ends in January, says the head of U.S. rates strategy at Societe Generale. In fact, Mary Beth Fisher says, the Fed is more likely to increase its quantitative easing program than to decrease it.
“Let’s be absolutely clear—everyone already knew that it was going to be Yellen. That was already baked in the cake when they had the FOMC meeting,” the strategist said. “She was the de facto next Fed chairman at that point.” And Bernanke effectively said to her: “You’ll decide when to taper.”
But though Fisher thinks tapering is out of the question, she doesn’t believe that the Fed will necessarily keep the monthly pace of asset purchases at $85 billion. In fact, rather than reducing that number, she says the Fed could add to it.
“We could see an increase in purchases if the data weakens because of all this fiscal mess,” Fisher said, referring to the government shutdown and the debt ceiling.