“This could cause major political shocks that could aggravate economic stress to levels well above those after the Lehman collapse.”

Central Banks Favour Gold As IMF Warns of “Collapse of Euro” and “Full Blown Panic in Financial Markets”

The next leaders of the world are fully invested in Gold and Silver and waiting . . . Please get this crash going so we can work on next phase. Dragging it out for more months is a pain.

28 comments on ““This could cause major political shocks that could aggravate economic stress to levels well above those after the Lehman collapse.”
  1. hal10000 says:

    How do you think those at the top will react when their power and wealth is decimated?

  2. Danny Cunnington says:

    http://www.youtube.com/watch?v=II-JVcaW0O0&feature=relmfu Hey everyone sorry to be off-topic but this was something I didn’t know. The Titanic didn’t sink! It was a ringer and an insurance scam by JP Morgan.

  3. Steven Rowlandson says:

    The next leaders of the world are fully invested in Gold and Silver and waiting . . . Please get this crash going so we can work on next phase. Dragging it out for more months is a pain.

    I absolutely concurr with the above statement… Better an end in horror for politically correct debtors and irresponsible governments than a horror without end for wise investors who wish to move up in the world. For me it feels like I am Sisyphus having to roll a rock up a hill repeatedly for all eternity and not for my sins but those of others.
    I am absolutely fed up with this BS!

  4. Youri Carma says:

    Gold just pushed below $1650 …. now see what happens. http://www.goldprice.org/spot-gold.html

    I think there will be some strong buying pushing it back above $1650.

  5. Youri Carma says:

    Mining inflation is running on average 3%-4% above consumer inflation – The rate of mining inflation could escalate in coming years

    AngloGold Ashanti is spending $15 million a year on the development of a new prototype large-scale underground drilling mechanism that will be used to mine gold at its mines in South Africa at a depth of below 5,000 meters from 2014, rather the 4,000 meter limit at present, Cutifani said in an interview. This will use a tunnelling method to extract ore, rather than explosives. The system is being developed together with General Electric Co. and 3M Co. and will allow output of four times as much gold for the same costs as at present , according to the executive.

    “If we don’t find a solution to mining below 5,000 meters we don’t have mines,” he said.

  6. Youri Carma says:

    @Max – “Please get this crash going so we can work on next phase. Dragging it out for more months is a pain.”

    Been thinking that for years now but I learned that a year is nothing in this longuated crises. You must give it bto them, they know how to stretch a good crises. If they had let the banks go under back in 2008 we would be in a booming economy by now.

    It’s freakin 2012 now!

  7. Rorschach's journal says:

    Mark a Keiser fear moment as a correction downwards is projected.

  8. Rorschach's journal says:

    I guess $1600 Gold shortly, and another nail in Keisers reputation.

  9. PM Bug says:

    It’s eerie to see the IMF saying what we all know, but never expect a government or NWO agent to admit. I guess this is a sign that they can’t stave off the inevitable much longer. Time to start conditioning the masses.

  10. Abdullah says:

    I’m a follower of Jon Nadler, so I firmly believe that any day now Gold will go so low that we will have to pay to get it carried off and buried.

  11. Youri Carma says:

    @Rorschach’s journal @Abdullah

    Jim Rogers: “I would buy gold if prices fall to $1,100 or $1,200 an ounce. A pullback of this magnitude is normal. It’s extremely unusual for any asset in history to move higher for 11 straight years. That’s why I expect the recent correction in gold to continue.” http://jimrogers1.blogspot.com/2012/04/where-jim-rogers-investing-his-money.html

  12. gold bullet says:

    @flicks

    Thanks for sharing the Birgitta Jónsdóttir article. :)

    In return:

    Falkvinge exclusive: Battle for Internet on, Big Brother at the gate

    https://www.youtube.com/watch?v=tP-IIw_ZuOg&context=C49120c1ADvjVQa1PpcFPzEQVXUK23JIC_VwhnJJa2ojiFnAZEjEQ=

  13. Jayme says:

    The next leaders of the world are fully invested in Gold and Silver and waiting . . .

    So, we can look forward to the existing central banks, presently hoarding gold, along with the IMF as the new world leaders. These are the same insane people who got us here. If we made tuna fish our currency, they’d take control of that too. It seems to me that we do NOT want these central bankers in charge when this thing blows (or sucks big time). The only true currency is what we have to offer others, not what we can hoard. There will always be fear mongering control freaks who hoard better and more than the rest.

    The IMF held 90.5 million ounces (2,814.1 metric tons) of gold at designated depositories at end February 2012.

    Gold in the IMF
    http://www.imf.org/external/np/exr/facts/gold.htm

    The Who – Won’t Get Fooled Again [?]
    http://www.youtube.com/watch?v=SHhrZgojY1Q

  14. Harry says:

    jberni1: Deflationary Phase causes changes in consumers spending allocation

    http://www.youtube.com/watch?v=RhfcFA3mdYY

  15. Robert Mockan says:

    The next leaders of the world have nothing to fear.
    When you can counterfeit all the money you can possibly ever need, and literally have your own private army to protect you, a few billion people gunning for your head means nothing.

  16. gold bullet says:

    ”When The Kids Of Major Label Execs Get Accused Of Infringement…”

    http://www.techdirt.com/articles/20120417/16432118532/when-kids-major-label-execs-get-accused-infringement.shtml

  17. flicks says:

    gold bullet – welcome and thanks.

    Think the IMF is trying to extort

  18. Danny Cunnington says:

    The IMF are in the process of passing the begging bowl around to try and hide their insolvency and lack of legitimacy (Their Breton woods charter ran out in 1994). IMO, that’s what the hysterical fear-mongering is all about.

    The bit they never talk about is that countries don’t actually give them money for funding. They only give pledges. These pledges are then laundered into money out of thin air based on vague pledges to give the appearance of money. All the real money they have is extracted from their victim countries who they claim to “be helping”. Once they have this money the pledges no longer need to be used freeing the donor countries up to give more pledges to run their vulture fund scam over and over.

    They never really had any money in the first place. It’s just an illusion to allow them to get into a country and asset strip it. All the real wealth they extract gets taken as profits.

    I love how these people talk about Europe blowing apart. Er, it’s a continent dudes. It traded perfectly well for centuries without the Euro. All the wars were induced by banksters or robber baron pseudo royalty trapped into debt by banksters.

  19. Evolutis says:

    Tying to shove a marshmallow up a wild cat’s ass … When has that ever worked? An artificial environment does not allow for the information transfer required. Atonomous statelessness without government to falsely look after your existence … Time to sever the hideous linkage of any monetized state.

  20. F. Beard says:

    Please get this crash going so we can work on next phase. Max K.

    You mean the next phase of the credit/hard money cycle? To what end? It will simply keep repeating till it eventually destroys the world if we don’t implement money differently.

  21. Danny Cunnington says:

    Hmmm…. Meanwhile it’s not just the EU that has a problem. It looks like trouble in Obamaland http://www.fedupusa.org/2012/04/obama-lawyer-admits-in-court-birth-certificate-on-white-house-website-is-a-forgery/ Apparently, the Obama team are going to claim that because it a forgery it can’t be used in evidence against him. This is a bit silly because the other party will just say Okay then produce the real documents and we’ll use these as evidence.

  22. Steven Rowlandson says:

    Jayme just because banks and rich people buy gold and silver, it is not an excuse for poor or middle class people not to buy gold and silver coin and bullion. There is no safty in fiat or invincible ignorance. This is not about democracy or equality or any of that BS.
    This is about financial survival, trade and or profit. After the politicians and the elites bankrupt and plunder the country or nations it is important that enough people are not wiped out otherwise it is into the dark ages for mankind.. Guess what? Electronic and paper currency will be worth what it is made of . Can you say nothing?
    Trade will be done through the exchange of something tangible and valuable for goods ,services and property and not an empty promise to pay .
    We all may be using fiat today but that is by no means a permanent situation, one needs to have a respectable plan “B” once the power goes out, the banks close and society has its Mad Max moment.

  23. Jayme says:

    SR – The wealthy control the media. Very few poor and middle class working people are getting the message. They merely get confused by any contradictory information that doesn’t support the MSM message. When this happens, they generally believe the MSM. In principle, I agree that it would be great if the wealth can be redistributed, but in practice, who owns most of the gold? The central bankers and the IMF and in general the politicians and elites who bankrupted the planet in the first place will be in the same position they are presently in.

    What we will see is a lot of conflict at all levels (even up through the elite ranks) but the greatest harm will be done to the larger body of people. Those who know enough to feel confident in gold and silver will do okay (no issue here) but without removing (repair or replace) the systemic problems of usury and exponential economic growth models which have brought the globe to ruin – to quote F Beard – “To what end? It will simply keep repeating till it eventually destroys the world if we don’t implement money differently.”

    In the mean time, keep stacking as you wish (I do) , you may very well end up better off as an individual but what about your neighbors, friends, family who ridiculed you and said you were a nut? I don’t blame them for their disbelief but in the end, wealth is created through the interaction and trust between people, not how much shiny metal one has. Shiny metal is a fetish as is greed in general.

    I would recommend that rather than anyone here having a “Mad Max” moment, that they look around themselves and see where they can improve the world rather than exploit it. Every Greek and Every Spaniard aren’t killing their fellow men and women. Most people are more concerned about eating. The IMF and central bankers care about control. If they have most of the gold – ‘he who has the gold makes the rules.’

    Anyway – for what it’s worth – enough of my rant. ;-)

  24. Vonda Bra says:

    Bob Chapman – The Corbett Report – 18 Apr 2012
    http://www.youtube.com/watch?v=e94HynW1vIg

    I´m a bit worried about Bob … he sounds very weak for quite some time now .. :-(
    and it seems, he is no longer on the AJ-Show on Fridays? … hmm…

    anyway, he thinks its going to be a very rough year for G+S, but it will go higher …
    well :-), listen yourself …..

  25. Steven Rowlandson says:

    Jayme shiney metal isn’t a fetish, it is real money in its true elemental form.
    It is highly probable that fiat currency, party politics and political correctness is the fetish indulged in by the financial and political elites and their fellow travellers.
    I think normal humans can do well with out such nonsense.

    I will agree that the system needs to be fixed or replaced but it can’t be done by those who approve of the system and benefit from it as it is now.. At the core of a new system of government and finance one has to have absolute honesty , simplicity and dedication to government having no debt what so ever. It also needs the will power to keep it that way.
    That means having the guts to save a portion of annual revenues for contingencies like defensive wars and so on and not doing anything that goes beyond controlling the coinage ,courts, diplomacy and militia.
    Everything else can be left to provincial and state governments or the people based on their ability to pay for it. From each according to his need to each according to his ability.

  26. mbridges says:

    Speaking of gold-seeking behavior, here is a letter from someone in the Philipines sent to Benjamin Fulford’s Typepad blog (with Fulford’s response):

    闇の支配者がフィリピンで人類の黄金泥棒をしている。
    “Breaking news, US warships seeking gold for cabal. Here is the e-mail I got:”

    “AMERICAN SHIPS FOR THE PAST TWO WEEKS OFF THE COAST OF PALAWAN IN THE PHILIPPINES.

    8 SHIPS OVER THE PAST TWO WEEKS HAVE BEEN OFF THE COAST OF PALAWAN IN THE PHILIPPINES EMULATING WAR EXERCISES AND TRAINING ALL THE WHILE OPENING UP OLD CLOSED BUNKERS LOOKING FOR THE TREASURE OF YAMASHITA. THE FACT THAT THEY ARE RUNNING OVER THE ISLAND CONCERNS THE TRIBAL COUNSELS WHO ARE DELIBERATING DAY AND NIGHT AS TO WHAT TO DO. THE GLOBAL ACCOUNTS ARE UNDER ATTACK BY THE BUSH’S, OBAMA’S AND OTHERS. CHINA NEEDS TO KNOW IMMEDIATELY.

    MORE NEWS IS THAT ENVISION TRUST IS TRYING TO STEAL THE FUNDS IN INDONESIA WORKING WITH SOMEONE NAMED ROSENBERG…HERE IS NEWS. COLLATERAL ACCOUNTS UNDER ATTACK. NOTHING THEY CAN DO TO US BEN BUT IN THE PHILIPPINES THEY CAN DO SOME DAMAGE. LOTS OF GOLD THERE AS WELL.”
    ___________________________
    ME

    “Hello Neil I am in PALAWAN and have been on the hills recovering some stuffs to LOCAL safe area here. Have just seen your emails. MANY thanks for keeping in touch with me. We are moving some stuffs to sail back to MAINLAND. I will send u some pictures. We have huge probs with US soldiers here, already the last 4 weeks we have had 8 ships from AMERICA, all pretending to train on water and land, no idea what for yet, they are also with special equipment and opening up old buildings that are lain dormant from the war and also those old gunner bunkers at coasts,. Everyone is panicking. The tribes are now having never ending meetings daily, real mess. I will be in IND on SUN for two days. I will be in HKG also for 4 days then home.

    How are you and everything my friend..”
    ______________________________________

    I hear that some hoods are taking over OR TRYING to what you are doing??? they are in IND already is that right ??? Some group with ENVISION TRUST whom use funds from a PPP in HKG under a ROSENBERG guy ??? I know of one called that in GER but not in HKG ??

    Posted at 11:13 | Permalink

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