RECOMMENDED READINGRECOMMENDED READING: FROM SILVER BEAR CAFE
__________________________________________________________________
SilverBearCafe
The IMF, Swiss Franc & the War Against Humanity
SGT
I was fortunate to be invited to be on a conference call with some of the biggest names and brightest minds in the precious metals world on Wednesday. The topics discussed ranged from the silver-to-gold ratio, to the continued paper manipulation of precious metals by the banking cartel, to future projections for gold and silver prices.
When the attention turned to me, there was only one thing on my mind: What kind of crazy world do we live in, in which the Swiss Franc can be pegged to the troubled fiat euro and devalued by 10% in a flash? What kind of crazy world do we live in where the world's "safest" currency is merrily thrown off the cliff into the fiat abyss by its own National Bank, without warning? What kind of crazy world do we live in, in which the world reaction to this Tsunami-like monetary event is massive selling of gold over the course of two days?
Well, of course now we know the truth. As tfmetalsreport noted late Wednesday, central banks sabotaged gold by selling vast amounts of paper gold contracts in a coordinated effort in order to soften the blow of this internationally monumental event:
We all wondered yesterday why gold would plunge on the SNB news. Now we know. In an attempt to mitigate the "negative" effect on francs priced in gold, the SNB sold a massive amount of gold futures at the same time. 7,000 contracts (700,000 ounces) (nearly 22 metric tons!) dumped on the Globex while London and NY are closed!
Again, I want to be very clear. The Swiss devalued their currency by pegging it to the euro at 1.20. Without warning Swiss citizens and global investors holding the Swiss Franc were robbed of 10% of their wealth. The SNB went directly to the nuclear option and detonated their own currency in the name of Globalization and in the name of the anti-Sovereignty worship of the international banking cartel. What's to stop your government from doing the same thing to your paper currency in the future?
Why would they do it? How did this happen?
As I noted in my recent article "Teetering on the Brink", the always unethical IMF made this latest, previously unthinkable move possible, by encouraging – scratch that – by requiring the Swiss to abandoned gold and silver backing in 2006:
The US Dollar was once backed entirely by gold, thus earning the term "greenback." The Swiss Franc (CHF) was once 40% backed by both gold and silver, but in 2006 the Swiss had to sell its gold and silver reserves to join the IMF. Today, not a single solitary currency on the face of the world is backed even 1% by gold or silver, as all nations have inflated their currencies to unprecedented levels in the past 50 years.
It has never been more clear to anyone with two brain cells to rub together that the only remaining game in town not already rigged for controlled demolition, is physical gold and silver. As Jim Sinclair and James Turk and Mike Maloney and Pastor Lindsey Williams have all told you, only physical gold and silver is REAL MONEY – there is nothing else you can trust. As Mike Krieger noted today in his article 'The Euro is Finished':
While the move by the SNB to basically link its currency to the dying Euro was shocking and will send shockwaves throughout the global financial systems for months to come, in many ways it was inevitable. The central planners are still in control and they are getting increasingly desperate. Part of their desperation manifests itself in acts to prevent markets from sending out signals to investors and the general population. This is why Central Bankers print money and buy government bonds. This is why the ECB is buying worthless PIIGS debt. This is why the SNB decided to destroy its currency. After all, if they agree to destroy the value of the Franc at the same pace as the Euro then it will become less clear to the currency market just how quickly purchasing power is being destroyed. Of course, you can always tell in the commodities sector. What the Swiss did is unfathomably bullish for commodities, in particular energy, food and precious metals. Every rich person with a Swiss bank account in Swiss Francs will be scrambling to turn that into the one hard currency left: GOLD.
Never before in recorded human history has a nation transformed itself from the wealthiest nation on earth, to the greatest debtor nation on earth as quickly as the United States has accomplished this feat. Never before in human history has there been more paper debt – hundreds of Trillions – tied to fewer tangible assets than there is now. Never before in history has it been more clear that a small group of determined psychopathic Oligarchs are pulling out all the stops in their effort to destroy humanity and entire societies in order to bring in their one world monetary system or New World Order. They specialize in manufactured crisis, but as Mike Krieger notes in the same article:
This whole "problem, reaction, solution" playbook worked for the elite in the prior era but it will no longer work. The playbook is out there. It has been read and studied. We know the playbook. It's not going to work this time.
He's right. We do know their playbook. What worked for them on 9/11 just doesn't work any more. We are awake. We are vigilant. We have identified the Kryptonite that we will use to destroy these treacherous globalist scum bags. It's the Light of Truth and Liberty. And we also know about their gigantic, soft, fully exposed Achilles' heel. It's physical gold and physical silver.
The IMF was able to strip the Swiss Franc of its gold and silver backing in 2006, thereby stripping away the Sovereignty of the nation. But the IMF will never strip all of us, standing shoulder to shoulder, of our physical precious metals. Unlike the Swiss, we will not willfully relinquish our personal Sovereignty. Precious metals are our tools of peaceful protest against a system which has turned its back on the people. We will use physical gold and physical silver as our way of opting out of this criminal system. Physical Au and Ag allows humanity to wage battle directly against the very criminal bankers who seek to enslave us.
In hindsight I guess I should have named this micro-doc 'The Madness of a Lost WORLD':