U.S. Headed for Currency Collapse

broke

 

 

 

 

Money manager Peter Schiff says gold and silver are not going fall dramatically in price from here. Schiff says, “That’s not going to happen. There will be deflation. If you want to price things in gold, stock prices are coming way down in terms of gold. Real estate prices are coming way down in gold. Consumer prices are coming way down in gold. Commodity prices are coming way down in gold.

They are not coming way down in dollar bills because the government can create as many of those as it wants. . . . I don’t know why a guy like a Harry Dent would have so much confidence in a Federal Reserve Note. He has no confidence at all in the U.S. economy and thinks everything is going to collapse, but somehow, in the middle of all that rubble, somehow the dollar is going to emerge supreme. Why would that be? There is no real precedent for that. Every country that has gotten themselves into the mess were in, only on a smaller scale, there has always been a collapse in the currency. . . . I don’t know why cash would be king.”

For some of the lowest silver and gold prices in Singapore, visit www.SilverAG.com.sg

See the video here.

 

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America, Add Another Star On The Flag For The State Of Corruption

13STAR

12 Days Before ’08 Crash, Congress Was Secretly Told To Sell Off Their Stocks

By John Vibes (Video at the bottom)

Earlier this month, it was reported that less than two weeks before the economic collapse of 2008, several members of Congress took their money out of the stock market. Many high-ranking government employees were given a heads-up about the impending market crash in secret meetings with the Federal Reserve and the Treasury Department. Then they used that information to engage in insider trading.

(For some of the lowest gold and silver prices in Singapore visit www.SilverAG.com.sg).

It was revealed that Senator Shelley Capito and her husband sold $350,000 worth of Citigroup stock at $83 per share, just one day before the stock dropped to $64 per share. Another shady trader was Congressman Jim Moran, who had his biggest trading day of the year days after the secret meeting, sellings stock in nearly 100 different companies.

These actions would be illegal for any American in any other circumstance, but members of Congress and high-ranking government officials are actually exempt from insider trading laws.

Years later, a 60 Minutes investigation aired on television which highlighted the government’s deep history of insider trading. The investigation sparked outrage, prompting Congress to pass “the STOCK Act” which was said to hold members of the government to the same standards as any American when it came to insider trading.

However, Congress watered down the bill and changed key elements that would hold them accountable, allowing them to return to business as usual, and escape any consequences for their prior crimes.

In an interview during the 60 Minutes investigation, Peter Schweizer of the Hoover Institute told Steve Kroft that “It’s really the way the rules have been defined. And the people who make the rules are the political class in Washington and they’ve conveniently written them in such a way that they don’t apply to themselves.”

“These meetings were so sensitive– that they would actually confiscate cell phones and Blackberries going into those meetings. What we know is that those meetings were held one day and literally the next day Congressman Bachus would engage in buying stock options based on apocalyptic briefings he had the day before from the Fed chairman and treasury secretary. I mean, talk about a stock tip,” he added.

Since it was passed, the STOCK Act has been more or less worthless. Whenever a politician is accused of anything, they are defended by other politicians and the investigation is immediately stonewalled. For example, a former staffer for the House Ways and Means Committee, Brian Stutter was guilty of insider trading. However, he avoided charges because House Speaker John Boehner refused to hand over the evidence, and claimed that Sutter had legal immunity.

It seems that America operates on two different sets of laws – one set for those who claim to rule us, and another for everyone else.

From: http://www.activistpost.com/2015/10/12-days-before-08-crash-congress-was-secretly-told-to-sell-off-their-stocks.html

See the video here.

 

Jim Rickards says Recession will force Fed to ease in 2016

Jim-Rickards

 

 

 

 

For some of the lowest gold and silver prices in Singapore visit www.SilverAG.com.sg

Jim Rickards tells Lelde Smits there is no way the US Federal Reserve will hike rates. Instead, Rickards believes the next move will be easing in March 2016 and predicts the impact on markets, metals and currencies.

Watch the video here.

 

From: http://goldsilver.com/video/jim-rickards-says-recession-will-force-fed-to-ease-in-2016/