Gold & Silver-Crisis In Progress - Stay The Course!

[gibbo675]

I always smile when I hear the phrase "Public Debt" as the word Public is derived from the Latin Publicare which is the verb, To Steal!

Economy not looking good here in Britain, an oil refinery into recivership, a steel works has been closed and it was announced that there will likely be 45,000 jobs lost in the building industry alone in the next six months. The best bit is that the liars at the BBC say that Britain "may slip back into recession" which "may force up interest rates". WTF!!!!!!

[MrThriveAndSurvive]

@gibbo675 LOL! You gotta love how good propaganda has gotten in the 21st. century! Here, on the USA portion of CNBC, the UK is steaming right along with no problems whatsoever. If you didn't know better, you might get the impression that GB is the next China - immune to such mundane things as recession. I love the Latin phrase - thanks for that as NOTHING is more true. I would add "to steal in order to force servitude".

[ytgv3fc7]

@MrThriveAndSurvive some comparisons, ht tp://flic.k r/p/bkQhYk

copper, silver, cattle/MOO etf, s&p500 : inflation now vs past moves that weren't synchronized

[crazeyspivey]

@gibbo675 Watch Yourself! 

[ytgv3fc7]

@gibbo675 ?

latrocinor, abigo, corripio : stealing

ht tp://en.wiktionary.o rg/wiki/publicar : to publish

[thevaporshoppe]

@MrThriveandsurvive So now that 1307 s/p has been pierced are you now bullish on equities? sorry if i missed that somewhere..... Really appreciate your videos and feedback.

[MrThriveAndSurvive]

@thevaporshoppe I was hoping to do a video on that today but must travel. Maybe tomorrow I will update that. I've looked at 2 other people's Elliott analysis and they have the same short count as I do. However, one has 1330 as the Wave 2 top and the other has about 1345 as the wave 2 top. In both cases, they see what I do, a big wave 3 decline after that. I will try to show that on the video. Still very bearish equities.

[thevaporshoppe]

@MrThriveAndSurvive Thanks for the quick reply Rich. Safe travels friend.

[bruno188home]

great overview. i listened to British Foreign Secretary imposing some kind of export ban on gold, precious metals and diamonds from Iran.

funny banning Au, the barbaric relic central banks just hold for tradition sake.

[MrThriveAndSurvive]

@bruno188home That's funny, especially considering that Brown sold all (most) of the UK gold at the bottom. Maybe they know something we don't, that if those tings stay in Iran, the West will eventually get their hands on them. Very funny on the tradition. Bernanke's favorite name for it. You'd think that would trigger other congressmen to ask questions on that one, but as usual, it went right over their heads.

[mauriceraffoul]

This is so sad, are kids are screwed.

[MrThriveAndSurvive]

@mauriceraffoul Yes, they are. The next presidential ( and congressional) elections will assure that fact as the precious time needed to fix the problem before it was too late has elapsed.

[BiggerThinking1]

@mauriceraffoul OUR kids ARE screwed not ARE kids ARE screwed you retard!

[BiggerThinking1]

@mauriceraffoul A question for you - what do you think OUR means? Have you ever seen that word? Idiot!

[BIGHAIRYSILVERBALLS]

the governments are getting ready for riots., bringing in the army to police the streets , being able to arrest Americans for no reason and no trial.... pretty obvious to me that their not planning for a recovery...the writings on the wall , you would have to be alseep or a complete moron to not see this... so im guessing 99% of people dont see it coming ....im going back to bed , atleast when im dreaming everything seams real.... not like this reality im living in

[teomeimf]

YOU are right Rich!! Iraq DID stop using the dollars for oil in October of 1999 to protest sanctions. Now we are going to put sanctions on Iraq! WAR IS COMING!!! It's now been written into the game, it's going to happen but I think in 2013, after the election, bet on it.

[MrThriveAndSurvive]

@teomeimf Good points - I am one who does not hold to the fact that it is an election year so a war will start. The war will start when "they are ready" fro it to start. The election means nothing as the two possibilities for choice are already picked and both are pro war.

[teomeimf]

Comex is reported to have BIG production troubles today. Iran today is demanding that ALL of its oil to be paid in RECEIVABLE Gold. Yes that means GOLD IN HAND not Egold, They are trading oil for Gold bullion to protest US sanctions. India is Iran's biggest customer and they already agreed to the GOLD of OIL trade so that's 55 tons of Gold a year JUST from India. When the Comex screams you had better listen!!!

[robbynelson3]

Rich, if the USA ever went back on the "gold standard" where would they get the gold from? The FED said they have no gold, ft knox has no gold (so some say,) and all the stratigic silver supply has been so sold. Just wondering.

Can someone ask Ron Paul this question? :)

[MrThriveAndSurvive]

@robbynelson3 I don't think we would ever go back to the gold standard as we know it. If we did, we would claim the gold at Ft. Knox as the source. No other country ever has to show their gold either. We used to audit it so the American people knew their treasure was there. No more! The people have lost the knowledge that the gold there is the PEOPLE's gold! An SDR currency, tied to gold will eventually occur and will be with a basket of currencies. I'll explain in a video one day about that.

[robbynelson3]

@MrThriveAndSurvive So the end result is true. Whoever has the gold makes the rules. Looks like the central banks and oil companies will still rule the world. Catch 22?

[MrThriveAndSurvive]

@robbynelson3 Exactly - you've got it. The IMF, and central bankers of the world (with pledges of sovereign nation gold to back up those entities) will make all the rules on the SDR currency. They will say, OK China, your currency has X gold behind it, therefore your currency is worth X+10. OK, USA, there are so many dollars to actual gold in circulation that your dollar is worth X-1000. Plus,both countries can only "print" to the extent of their gold holdings.Now you know why ALL want gold now.

[robbynelson3]

@MrThriveAndSurvive What a mess. The american people think we have gold ready to back the paper, and we really dont. The SDR is just going to be the NWO currency manipulated by the powers that be. =\

[MrThriveAndSurvive]

@robbynelson3 Yes! I don't even think the american people can even put the two thoughts (paper and gold backing) together in their minds. They are too dumb. Partially because of Govt. education and partially due to their own fault. 5.5 million people watched one of the debates last week. At the exact same time 6.5 million people were watching Jersey Shore. that is their choice but honestly, the 6.5 million should not show up to vote this fall as they obviously choose not to be educated.

[TheEarthcam]

@robbynelson3 I Agree We HAve lost Control Of Our debt And Our Ability To Deal With it Is over.

[kcrone1]

Russia and China to back Iran, good get really interesting if the US continues to push these sanctions onto Iran..............welcome aboard India as well.!

[MrThriveAndSurvive]

@kcrone1 And the funny thing is that once finally something is "tripped" by our policies, IE sanctions (sanctions are ACTS OF WAR), it will be said "They (Iran most likely but don't rule out Syria, Lebanon, etc) started it! See! We didn't do anything but try to stop them from getting a bomb and before you know it, they were shooting at our warships or closing-off waterways.

[kcrone1]

@MrThriveAndSurvive It's all about who the US see's as not "Towing the US line". If a country decides to deviate to much, the US will cook up some smoke and mirrors and get the support of the public to invade, or start a war, yes I feel it's that simple these days.

[robbynelson3]

@kcrone1 YT search for "USS Enterprise False Flag !! "

[skybirdbird]

yep, yep, yep and yep... great post... the musical chairs has got to stop sometime...

[MrThriveAndSurvive]

@skybirdbird Thanks. Yes, it will be a deafening day when the music stops as well. My big fear is that it will be just like musical chairs. Suddenly, a pact of many countries (BRIC+ others) will say, "No more dollars", you need to pay with the SDR currency, gold or other hard asset. Period. That will be the day the biggest shot (ever) heard around the world occurs and it will all be about banning something - the use of the USD in international settlements.

[TheCristo68]

i don't beleive there will be a us dollar collapse or default .I beleive that there will be a devaluation of the dollar and the euro and a revaluation of gold all happening during a bank holliday .

[natritious1]

@TheCristo68 do you think silver will revalue also? Or do you think it will be left at it's current price range?

[TheCristo68]

@natritious1 everything will be revalued if the dollar is chopped so i would expect silver like food and everything else you will buy with US currency to go up . but since gold is what central banks hoard i would expext it to appreciate a lot more . Silver will still keep your purchasing power and would be a great medium of eschange . After all it's Money . My 2 cents .

[TheCristo68]

@natritious1 google :Remarks by Governor Ben S. Bernanke

Before the National Economists Club, Washington, D.C.

November 21, 2002

this is a speech by burnanke back in 2002 .every single point in this speach has become reality from QE to 0% interest rates .the only item that has not yet become reality is one of his last one .DOLLAR DEVALUTION . It's in his toolbag , he has used every other one it's not far fetched to beleive a bank holiday will happen .

[MrThriveAndSurvive]

@TheCristo68 You may be correct on an actual collapse. Devaluation of all paper is certain and needed to keep the game going - with or without the bank holiday. I am quite convinced though the day will arrive when the USD is no longer the reserve currency which means we will need hard assets to get hard assets (like oil).

[TheCristo68]

@MrThriveAndSurvive Agreed 100 % Iran is doing just that now .

[rlmccullough]

Can't buy Gold, but yes I can buy Silver! Great Video!

[freddrums2002]

Rich, do you think the four metals always move together in tandem? or do gld and slv. have stronger fundamentals than plat. and palladium. i've heard many differing theories on this.

grat vid as always!

[MrThriveAndSurvive]

@freddrums2002 I think they traditionally have always moved in tandem & generally will continue to do so. Silver "should" catch-up as the gold to silver ratio is stretched right now toward gold. I'm not one to think silver will come back to 15-1 gold but I do think the 20's is very likely. Anything over that will be a bonus for silver holders. Because both metals will be used more or less as money, the same forces will tend to push both. However, one caveat, gold IS money. Silver is part money.

[jsmythib]

when is a bad time to stash some silver away for retirement? When is a bad time to pile up some physical capital to invest sometime in the future? BTW thats a monster load of not good news! only 23:00/33:17 :) Thanks.

[MrThriveAndSurvive]

@jsmythib I think the only time that would be a bad rime would be buying at an all time high. Something that can be recognized is near when you have parabolic "blow-off" move like we had when silver reached near $50 last Summer. For example, I just purchased silver and I know it likely is now at the bottom - I just know it is not near the to and I know those USD I paid with will eventually be much less in value.

[jsmythib]

@MrThriveAndSurvive How much is one ounce of gold valued in monopoly money? :)

[MrThriveAndSurvive]

@jsmythib It's worth more if you are in jail without a card. Your opponent would likely take it instead of the USD - I mean, Monopoly money,

[jsmythib]

@MrThriveAndSurvive hehe Somewhere along the line I learned an ounce of gold has a value of ONE..and that never changes :)