Greg McCoach - Angel Publishing

China Default?

Junior mining stocks softened this week as precious metals prices continued to sell off following the latest FOMC statement which rallied the dollar. Overall near-term technical strength still favors those long gold, but new bullish information to sustain the yellow metal is needed to avoid further erosion. Right now it looks like we could test $1,310 in gold and $20 for silver as the week comes to a close.

The junior miners reacted negatively to the news and have retraced some of their gains made in January and February. This is disappointing in the short-term especially after a robust show at the PDAC in Toronto.

In my view, most of these statements from the Fed and the FOMC are just lip flapping to get desired, short-term reactions from the market. I see the recent tapering announcements in the same light. Ultimately, with the U.S. government using 46 cents on every dollar they spend to service debt, there is plenty more fiscal insanity in store no matter what the Keynesian economic Fed banksters or politicians do and say in the short term.

Junior miners are in the early stages of recovery that I believe will continue to gain in strength and momentum. So far it is only a very select group of stocks that have moved, but as the recovery becomes more pronounced and the risk of the overall market lessens, the recovery will expand to a greater number of mining shares.

At this point there is a large group of investors that will only look at companies with little risk and won’t even consider exploration companies right now. But if I’m correct about a broader recovery sweeping over the bulk of the junior mining sector in 2014 and beyond, top notch exploration stocks are precisely the companies we should be buying in anticipation of this move.

Everything Might Not Be As It Seems in China

On the big picture side of the equation, there seems to be rumblings that all is not well in China. I have mentioned this before but, in my view, China could be the single biggest risk to the world economy and financial markets today.

There are rumors floating around this week that another Chinese corporation is in default on an interest rate payment on its bonds. A few weeks ago, the first corporate bond default occurred in China. China’s financial system has been suspect for quite some time. If the Chinese financial system becomes unmanageable, it would likely be a mixed bag for gold. It could limit consumer demand from the largest gold consumer in the world (China), but it could also prompt safe-haven demand for gold worldwide which would more than offset any loss of buying from China.

The issue at hand is that China is a state-controlled financial system funneling cheap money to well-connected and politically favored large enterprises.

Fueled by a steady diet of cheap money, these companies keep adding capacity with no regard to profitability or return on capital. They simply focus on producing more stuff and expanding their size while employing more and more people. It all sounds good until you understand they are borrowing more and more money and will eventually collapse under the debt load when liquidity dries up.

Consider this: in the last five years, the Chinese created $16 TRILLION in credit that is now circulating in the economy… financing ghost cities and useless infrastructure projects. I have been there many times and witnessed this for myself. There are massive office towers of glass that you can see through because there are no tenants.

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Debt, War, and What It All Means for You

In the last two weeks, Chaori Solar and Haixin Steel were allowed to default, i.e. they weren’t bailed out.

This is the first time in China’s modern history they’ve had a default, let alone two. They can no longer keep the game up, and the dominoes are beginning to topple. The country is debt ridden, riddled with mal-investment and threatening to implode.

The potential for a major crisis in China is now a very real possibility.

So now you can add China to a growing list of places (U.S., Japan, and Europe) that have unsustainable financial positions. To make matters worse, Tokyo and Beijing are squaring off with one another over the Senkaku Islands, the center of a brewing conflict between the two nations.

Richard Maybury explains the dilemma as such:

In October, Beijing’s official press agency called for governments to ditch the dollar as the world’s reserve currency. This must has angered US officials. They are going ahead with a new Marine base on Japan’s island of Okinawa. This island is the nearest outpost to the Senkaku islands that are in dispute.

Both countries (Japan and China) are proceeding with their military buildups. Ominously, for the first time, Tokyo is forming a marine corps. Marines are not a defensive force; their main purpose is to reach out and invade, and if you and I know this, so does Beijing.

Beijing has thrown “defense identification zone” around the Senkakus, while Tokyo’s prime minister has been cementing ties with the ten regimes of the Association of South-East Asian Nations (ASEAN).

This while the government of South Korea in Seoul appears to be cozying up to Beijing.

So on one side of the conflict we appear to have two governments, Beijing and Seoul, lining up against 12 on the other side — Tokyo, Washington, and ASEAN.

I mention these newsworthy items because we are seeing a major trend towards wars and rumors of war as the major financial players on planet earth are all reeling from imploding debt levels and failing fiat currencies. I guess the thought is if we can’t get away with our fiat currency scam anymore, we could always go to war.

In summary, when you consider the derivative problems of the major banks in the U.S. and elsewhere, the debt problems of all the major governments, and an issue of what is a true measure of value (failing fiat currencies don’t know how to value themselves one against another) the outlook for precious metals has never been better despite attempts to keep it under wraps at the moment.

Hopefully the world can avoid major wars, but it looks more and more like all the power seekers are itching to get into a war to hide problems at home.

Physical purchases of gold, silver, and platinum along with the quality precious metals mining shares should be a part of everyone’s portfolio.

Good Investing,

Greg McCoach for Wealth Daily

Central Bankers are Our Enemies

Is the recent spate of banker suicides (murders?) telling us something?

The mainstream media is not covering this story, but it certainly caught my attention when I noticed a common thread amongst these individuals: big banks and derivative ties.

Check out this link to get the details.

I have been watching this story with growing intensity over the past month as the number of successful bankers on the list grows. The development first got my attention when I realized three of these bankers were from J.P. Morgan, which is known to have the largest toxic derivative position.

But it has become an even bigger mystery because suicides of this nature usually occur after a terrible financial collapse, not before one happens.

What all this means is up for discussion, but I think it is something we should watch closely — especially if it continues. I firmly believe the entire financial system is in such a tenuous and precarious position that it wouldn't even be surprising if sudden negative developments unfolded in the United States or worldwide.

Derivative problems, currency debasement, wars, and desperate, out-of-control governments all pose serious threats to our finances.

The circus of events within the Federal Reserve continues to prove my point that central bankers are the common enemy of citizens and societies worldwide. The current zero interest rate policies of Fedzilla allow the bad boy bankster schmucks to borrow at three points from the Fed and lend at 25 basis points.

This is a complete scam, and it is perpetrating the biggest subsidy to Wall Street in the history of the Federal Reserve.

I had to laugh recently when someone told me Obama is going after the 1%. Maybe his lips are flapping that rubbish to appeal to the dumbed-down masses, but in reality, what he is doing is giving the banks the greatest opportunity they have ever had to enrich themselves.

Don Coxe of BMO in Canada recently said the following in regards to this politician-allowed banker theft:

"When bankers can make eight times their money borrowing from and lending back to the Fed with no risk, the bad bonus bailout bankers of Wall Street, who created the crash, are saying, we get our bonuses while buying back stock, and the Fed is paying us to do it."

What a travesty of justice, common decency, and basic moral values. Can it get any more disgusting than that?

Will the masses ever wake up to what is going on?

History and current events around the world prove that the people will tolerate all kinds of government shenanigans — corruption, theft, tyranny, oppression, out-of-control policies — but the second their ability to eat becomes a problem, all hell breaks loose. In other words, it is primarily a lack of affordable, quality food that brings the masses to rebel against their government.

This kind of rebellion is happening in more and more places around the globe.

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I do believe people are coming to the realization that governments and their banker-supported politicians cannot be trusted. The latest polls clearly show rapid deterioration of trust in government and the mainstream media. This growing angst is in the hearts and minds of more and more people I talk to in my travels.

Those that see and understand this know there is trouble ahead, so it's best to prepare accordingly.

I continue to believe precious metals will play a critical role in financial success in the abundant but tumultuous times in which we now find ourselves: abundant because never before in world history have so many enjoyed so much for so long; yet tumultuous because so much could be taken away so fast given the tenuous nature of the financial, economic, and political worlds in which we live.

I hope for the best, prepare for the worst, and try to enjoy something special in each and every day I get while the good times last.

Until next time,

Greg McCoach for Wealth Daily

Are Major Bank Runs in Our Near Future?

In the United States, the last time we saw lines outside a select number of failing banks was during the 2008 derivatives crisis.

The financial damage was eventually limited, but it made everyone aware that something wasn't right within the system.

That was six years ago. Since then, many have stated that central banks and their governments didn’t solve the financial problems of 2008 but instead simply kicked the can down the road, making the derivatives issues far worse when they come home to roost.

Now, recent activity within the big banks seems to suggest trouble is brewing once again.

When you consider the known facts about the recent banking scandals (Libor, interest rate, and currency rigging) and leaked information from very credible sources regarding the derivatives problems of the major banks, bail-in arrangements, and recent changes in banking policies, it doesn’t take much imagination to see this will not
have a happy conclusion.

The momentum of evidence this past year seems to indicate that problems for the big banks are coming to a head.

Recent revelations from John Cruz, former vice president and relationship manager at HSBC, certainly are adding plenty of fuel to the fire.

Mr. Cruz has made two guest appearances on The Common Sense Show in which he alleged that he uncovered that HSBC was laundering money for the Mexican drug cartels through phony shell corporations. He brought this to the attention of his supervisors at HSBC and was told to "leave it alone."

When he did not leave it alone, he was fired. Cruz went to prosecutors in the New York City area. They acknowledged they knew what was going at HSBC, but they refused to investigate and prosecute and DHS. The FBI told Cruz the same thing.

Highly credible World Bank whistleblower Karen Hudes has also spoken quite plainly about the massive fraud and collusion within the banking system.

Hudes reveals deep-rooted, systemic corruption at the core of the Bretton Woods institutions, as well as deep-rooted, systemic problems with the U.S.'s legal system, law-enforcement agencies, and government crime.

Moreover, her case reveals the illegitimate control and influence a relatively small cartel holds over the Bretton Woods institutions, the U.S. government, and the U.S. judiciary and law-enforcement agencies.

AlliedBarton, the international security contractor and contractor for security personnel at the World Bank who was responsible for Hudes' illegal arrest, is owned by members of the same cartel that controls the Bank for International Settlements, 40% of the asset value of 43,000 transnational corporations and financial institutions, and 60% of their annual earnings.

Hudes worked in the World Bank's legal department for 20 years and reported state capture by the very megabank and conglomerate that owns AlliedBarton.

Although Hudes' case is an international scandal that could result in the eruption of a currency war, permanent backwardation, and a grinding halt to global trade, her case has been held outside of the mainstream media.

Hudes states the mainstream media is being controlled by the same megabank and conglomerate that is responsible for the corruption at the World Bank, IMF, and in the U.S. government.

Dr. Karen Hudes was fired in retaliation for reporting corruption at the World Bank to the Senate Committee on Foreign Relations.

The UK Serious Fraud Office also called the Securities and Exchange Commission to inquire into the World Bank’s accounting irregularities. Hudes reported to UK Parliament that the SEC stonewalled the Serious Fraud Office.

You can access videos of Karen Hudes' interviews by doing a web search for "Karen Hudes World Bank scandal."

The Libor and currency scandals, along with the Cruz and Hudes revelations, expose the world banking system as a massive criminal enterprise. In my view, the people at the head of this fraudulent banking system are the enemies of all mankind.

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Banking Policies are Changing

HSBC bank is now limiting withdrawals in both the United States and Britain.

The bank recently admitted it has not informed customers of the change in policy, which allows it to deny customer withdrawals of cash from their own accounts. This policy was implemented in November of 2013.

Dave Hodges of The Common Sense Show expressed his views regarding this development:

This development at HSBC should raise red flags for everyone, not just HSBC customers, because in the same time frame, JP Morgan Chase announced an identical policy. As a result, many financial analysts are predicting a bank run in the near future and this is the primary strategy of the banks as they are obviously bracing for an economic collapse.

This illegal withholding of bank customer funds is justified by Eric Leenders, the present head of retail at the British Bankers Association. Leenders states that the banks are just being sensible to ask questions as to what the money is for and then make a subsequent decision on whether to release the funds to the account holder.

Leenders stated that "I can understand it's frustrating for customers. But if you are making the occasional large cash withdrawal, the bank wants to make sure it's the right way to make the payment." I would agree with Mr. Leenders in that the theft of customer money by a supposed trusted bank is indeed frustrating.

Clearly, this momentum of evidence is all coming together very quickly and spells big trouble ahead. If
the banks were on sound financial footing, account holders would not see any such restrictions. However, if you knew if a bank crash was coming, wouldn’t you make sure your bank was as liquid as possible?

To the banks, being liquid and cautious in these perilous times means that the banks intend on making it
very difficult for their customers to gain access to their money.

These are the chest pains before the heart attack. Take your money out of the bank while you still can.

From my standpoint, the writing is clearly on the wall for all to see. The elitist bankers and their puppet politicians are working in tandem to protect themselves at the expense of the public.

I have been saying for quite some time that the reason the banks are not loaning much money out is because they need the money themselves. Financial requirements for first-time homebuyers are ridiculous compared to just six years ago.

I have several friends who have been complaining that their 30-something children (with decent jobs and credit) can’t get any financing to buy their first homes. This is the sad reality for our young people in the new America.

The American economy is in free fall. The economic recovery is a government fantasy supported by smoke-and-mirror data and politicians that tell nothing but lies.

Are major bank runs in our near future? Are we marching closer and closer to when banks and governments have no choice but to exercise what they have already put into place for such an event?

Unfortunately, I would have to conclude the answer is YES.

All you can do is understand and prepare as best you can for what is unavoidably coming.

Until next time,

Greg McCoach for Wealth Daily

The Banks Own This Place

The fraudulent criminals in the Federal Reserve and U.S. government are operating in "full smoke and mirror mode," promoting the illusion of prosperity while covering up their massive trail of lies and deceit.

There is nothing honorable or trustworthy in anything they do.

A recent admission by the Justice Department regarding crimes in the financial sector really exposes the truth. It tells us who is running the show.

In the past month, the Justice Department released the stunning admission that in determining whether or not to prosecute crimes in the financial arena, it took into account the likely systemic effect of that prosecution.

My head is still reeling from that admission. Most people would agree that that's not the Justice Department's role. And I think it's caused a really reasonable, serious, and continued undermining of trust in our markets.

Jim Chanos: Well, I think the best comment was from a senior Democratic senator a number of years ago, who simply and bluntly said, "The banks own this place."

I always tell the story that right after the Bear Stearns collapse in March of '08, the heads of all the big banks and brokers headed down to Washington immediately in April of '08 to talk to senators and other lawmakers and regulators.

As we now know, what they didn't ask for was forgiveness for their misdeeds or perhaps forbearance on capital until they could get their house in order or to work with the regulators on what was obviously a massive credit crunch coming. No, what they asked for was two things. They asked for the accounting rules to be liberalized on their hard-to-value assets and for short-sellers to be cracked down on.

That was their focus, and, by the way, both happened. There were short-selling bans shortly thereafter and the accounting profession, at the urging of Washington, changed, liberalized, the rules on hard-to-value assets in March of '09. They got what they wanted, and this tells you something.

It really is amazing to the extent that lawmakers, despite all the evidence that major legislative initiatives that banks have asked for in the last 50 years have generally been harmful to the public purse, they've generally gotten what they've asked for. You can't be too cynical.

More recently, Sen. Dick Durbin (D-Ill.) expressed his thoughts on this. Sen. Durbin has been battling the banks the last few weeks in an effort to get 60 votes lined up for bankruptcy reform. He's losing.

Last Monday night, in an interview with a radio host, he came to a stark conclusion: The banks own the Senate.

"And the banks — hard to believe in a time when we're facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place," he said on WJJG 1530 AM's "Mornings with Ray Hanania."

As I've watched this ongoing circus of stupidity and criminal behavior over the years, I've been amazed they have been able to get away with it for as long as they have without a revolt from the public.

The consequences, however, are finally catching up with them on all fronts — thus the increased desperation in everything they manufacture to keep the wolves at bay.

The latest nonsense coming from the Fed banksters is the so-called "friendly taper," which will be scaling back monthly electronic money creation by $10 billion a month starting in 2014.

Oh, hey, I'm impressed. These people must be geniuses... NOT!!!

In other words, if an intelligent person is to believe that the banksters have only been creating $85 billion a month of funny money (in reality it is much more), then reducing this amount by $10 billion means that everything is great, so let's party some more.

The reasoning touted in the mainstream media regarding this charade is almost as stupid as Al Gore stating in 2008 that the polar ice caps would be melted by 2013.

In my view, this so-called "friendly taper" is just a publicity stunt to make it look like these Keynesian economic idiots are doing something for the economy. In reality, this is just more foreshadowing of the insanity that is coming our way. The bottom line to all this is that the Fed, regardless of its rhetoric, will have to create QE till the cows come home. It's already creating more every month than it lets out to the public.

The public believes (based on the always-trustworthy media reports) that the Fed has only been creating $85 billion a month. I believe it is more than double that.

In other words, I would bet that this ridiculous announcement would be even more absurd and misleading if we really understood the truth of the matter.

I would guess that what is really happening is more like this: The Fed has been creating $200 billion a month out of thin air to keep its Ponzi scheme alive and well but letting it out to the public that it is only creating $85 billion. That means the taper nonsense is all total disinformation because what the public sees and what the Fed is actually doing are two totally different things.

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Call me cynical... call me paranoid... but one day, I hope the public will know the full truth of these matters — and why central banks and their puppet politicians should never be trusted.

But why so much fuss to confuse the public about QE and tapering?

Paul Craig Roberts weighed in on this yesterday, when he said the following:

The conclusion is obvious. QE helps the big banks, and manipulation of the gold price downward protects the US dollar from its dilution by QE.

The Fed's reduced bond purchasing announced for the New Year still leaves the Fed purchasing $900 billion worth of bonds annually, so obviously the Fed does not think that everything is OK. Moreover, the Fed has other ways to make up for the $120 billion annual reduction, assuming the reduction actually occurs.

But my conclusion is that the Fed understands that it must protect the dollar from being driven down by QE and that the orchestrated takedowns of gold are part of protecting the dollar's value, and perhaps also the cutback in QE is a part of the protection by signaling an end of money creation. The Fed also understands that it cannot forever drive down the gold price and that it cannot forever pour liquidity into stock and bond markets. To retreat from this policy without crashing the edifice requires successful orchestrations. Therefore, we are likely to experience more of them in the days to come.

Allegedly, the US has free capital markets, and globalism is bringing free capital markets to the world. In actual fact, US capital markets are so manipulated — and now by the authorities themselves — that manipulation cannot stop without a crash.

What American "democratic capitalism" has brought to the world is manipulated financial markets and the absence of democracy. How long this game can play depends on the outside world.

This explains a lot. But for us as investors, it is not easy to watch the demise of our precious metals mining shares, despite the fact that we will get the last laugh.

How long we may have to bide our time till that happens is really the only question at hand.

I continue to maintain that dollar-cost average purchases of precious metals and quality junior mining shares will eventually prove correct, regardless of how long we may have to wait.

What is coming is the mother of all bull market runs in precious metals. When it happens, it will be the big one many have forecast — the one that will reward investors whose patience has been, and will yet be, tried beyond what one should ever have to endure.

I remain confident in gold's future prospects regardless of what governments or their central banks do or tell us. I see gold and silver's current correction as the ultimate buying opportunity before the biggest run in the history of reporting for precious metals.

This tells me gold will head far higher in the long-term, whether or not it bottoms out here or first falls another 10%. In the end, it won't matter what you paid for the physical precious metals you bought along the way. All that will matter is that you own them.

But what will really drive gold to levels the general public cannot understand will be the re-emergence of gold as a monetary metal. This will happen as the U.S. dollar partially or totally loses its status as world reserve currency, something I believe will begin to unfold in 2014.

The coming global currency reset I have already talked about will be the event that will set all of this in motion.

The writing is on the wall for those who have eyes and are willing to bide their time.

Have no fear... the big move in precious metals is closer than you think.

Until next time,

Greg McCoach for Wealth Daily

Currency of the Future?

I wanted to share my opinion on Bitcoin, as the digital currency has performed better than most investments in the last year.

Had you bought BitCoin just a year ago, you'd be sitting on a profit of around 10 times your initial investment.

As speculators, we are always looking for something that can generate profits like this. So, what is the bottom line on this so called "digital currency of the future"?

When I first heard of Bitcoin several years ago, my initial reaction was that it was just another form of fiat funny money that had all the trappings of another tulip mania.

However, I admit this was very short-sighted on my part, and I should have investigated further...

In reality, after studying the Bitcoin value proposition this past month, I believe there is real merit to this that everyone should understand.

As is true so often, there is good news and bad news.

First, the good news...

In my view, Bitcoin could be the biggest revolution in money in all of economic history if adopted in lieu of our current fiat monetary system.

The benefits to all of mankind would be enormous if allowed to flourish without government or bankster interference.

Currently, governments and their central banks have monopolistic control of our money with vested political, financial, and military interests in the existing system.

Bitcoins, on the other hand, are controlled and used by a decentralized group of people that can adopt and extend a digital currency to do just about anything. These people have a vested interest to make their currency stable, accountable to all, and totally transparent of any shenanigans.

What are Bitcoins, and how do they work?

Bitcoin is a revolutionary protocol for information synchronization, as the currency can precisely and chronologically order all database entries worldwide as well as check its validity without any central authority.

This is a major leap forward in thinking and computer science technology that guarantees authentic and valid data.

The transaction database that Bitcoins keeps synchronized worldwide is referred to as the blockchain. It is shareds by all nodes participating in a system based on the Bitcoin protocol. The blockchain acts like a giant accounting ledger, allowing the storage and transmission of financial information.

And in the Bitcoin environment, it is a public record that can include contracts without a third party (lawyers in this case).

Once I began to understand where this could go, the benefits could be incredible!

Those who put this together are absolutely brilliant — because the Bitcoin protocol eliminates the need for a third party to validate transactions in money for our society.

And the possibilities are astounding as to where this could go...

Astounding Possibilities

Think of all the third parties that would no longer be needed to handle financial transactions: banks, registries, brokers, wire agencies, financial services companies... and because contractual obligations can be included in a Bitcoin transaction, the need for lawyers would be greatly reduced.

In case you're still confused on this point, the "coins" are actually data in cyberspace.

For a tangible asset guy like me, this is at first glance a bit challenging to grasp.

But from a liberty and freedom standpoint guy like myself, Bitcoin offers to free mankind from its shackles of government, lawyer, and financial services abuse. And that's just for starters...

From there, it can be expanded in many ways that could fundamentally change the world and allow economic prosperity to be achieved on a level we have never known on this planet.

You must think how much money could be saved by eliminating third parties from financial transactions and dispute resolutions...

It's a staggering number!

The blockchain is a general public record of ownership rights that is independently audited and verified by computers all over the world. The speed, accuracy of all financial transactions, and the associated information with those transactions would be unparalleled in all of economic history.

Let's take another example with someone who wants to have a construction project built within 30 days...

The price and time frame could be agreed to ahead of time and put into the financial transaction as a contract. The monies could be paid up front, but the contract could stipulate that if the work was not completed satisfactorily within the agreed time frame, a certain amount of Bitcoins would automatically come back to the customer.

I think you can see now where this could go...

Yes, there would be a lot of people displaced from current jobs, but new ones would be created in this innovative economic paradigm where prosperity could be had by all who wanted to participate.

Is This Billionaire the Modern-Day Messiah?

He's restored hearing to the deaf (and made billions)...

He's given amputees working limbs (and made billions)...

He's revolutionized the treatment of type 1 diabetes (and made billions)...

Now his new company is helping 8 million blind to see again.

Be early on this one.

And now for the bad news...

The Bitcoin proposition, in my view, should be embraced by all of mankind who would like to see our societies break free from elitist central bank control that has dominated and abused money for so long.

The amount of wealth that has been stolen from the people by the elitist central banksters throughout history — and particularly within the last 100 years — is disgusting.

The truth is life for all of us would have been very different, had the likes of the Federal Reserve never been created.

For some perspective on this, I recently heard a speech John F. Kennedy gave trying to warn Americans and others who would listen why it was so important to get rid of these secret societies from amongst us. In my view, these are the people who wanted him dead.

When I look at the Bitcoin situation, I have to ask myself how likely it is that the powers that be are just going to roll over and allow a digital currency to displace them from all their obscene power, control, and profits...

Answer: It's not going to happen without them having total control and domination over the whole thing.

From a free society standpoint, a true digital currency without such interference would be a boon to all of civilization.

But the powers that be are not going to give up their amazing power and cash generator (the current fiat currency scam) to help mankind move forward.

As a matter of fact, if you do your homework, you will find these jackals have suppressed all kinds of great technology in the past because it would have cut in on their sacred profits... and we can't have something good happen for the people at the expense of the bankster pigs!

We the People vs. the Banksters

As much as I like what a true digital currency like Bitcoin represents in terms of moving forward, I don't see it happening without bankster control, which in my opinion would ruin the best parts of what a digital currency could accomplish for the betterment of all.

In the end, it would give the banksters even more power, control, and profits over us than they now maintain.

We should fight against this abuse...

But the masses continue to sleep.

At some point, I would hope enough people become enlightened enough to steer this thing towards a system that could literally free mankind in a way we have never known.

A true digital currency in the hands of the right people could produce an honest monetary system that could have profound benefits. All good citizens of the world should want this.

But without taking the power to control money out of the hands of those who now control it, I don't see any way those benefits can be realized.

Thus, if you own Bitcoins and have a nice profit, I would make sure I lock in those profits as soon as possible.

I think the powers that be are allowing this to go on in order to study it and figure out how they could eventually control it. Once they see it advantageous to themselves, it won't be long before they get complete control of it.

If they don't see any benefits in converting to a digital currency, then they will quickly shut it down as a competitor to their fiat currency scam.

In the end-game, it comes down to We the People vs. the Banksters.

As to who will prevail? History, unfortunately, is clearly on the side of the latter.

Until next time,

Greg McCoach for Wealth Daily

The Next Wall Street Collapse is Coming

The signs are popping up everywhere that something very negative is about to unfold in the financial world on Wall Street.

Let's review the most obvious and clear warning signals that have come to our attention in just the last nine months...

When you put together this string of events over this time period, it should be clear to any thinking person that all hell is about to break loose on multiple fronts converging at the same time. It doesn't take a rocket scientist to figure this out — just someone who is willing to pay attention to one shocking fact after another.

First, we continue to see outrageous ammo, assault rifle, and armored vehicle purchases by multiple governmental agencies, including the Social Security Administration and Department of Homeland Security, among others.

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup.

An article from the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that's enough to sustain an Iraq-sized war for over twenty years.

DHS has also acquired heavily armored tanks, which have been seen roaming the streets.

Evidently, somebody in the government is expecting some serious civil unrest.

The question is, Why?

Second, the bail-in agreements I have talked about previously seem to be largely ignored by the public.

It is amazing to me that so many are so willing to trust banks at keeping their monies when it was published worldwide that banks have signed agreements stating they will take depositors' monies if they get in trouble for any reason.

It has already happened in Cyprus.

Do people think this will not happen again?

The known derivative liability of the top five banks in the United States is staggering, and recent leaks of information seem to indicate the interest rate derivative problems of these banks are soon coming to roost.

Third, we've seen one article after another related to preparations for martial law in recent months. This is quite alarming when you consider the following quotes from the banksters Hank Paulson and Gordon Brown...

Fear of this threat was echoed in September 2008 by U.S. Treasury Secretary Hank Paulson, who reportedly warned that the U.S. government might have to resort to martial law if Wall Street were not bailed out from the credit collapse.

Martial law was avoided during the last crisis when legislatures succumbed to pressure and bailed out the banks. But many pundits are saying that another collapse is imminent — and this time, governments may not be so willing to step up to the plate.

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Ellen Brown, president of the Public Banking Institute, recently wrote an article in this regard stating the following:

Recently revealed statements by former UK Prime Minister Gordon Brown at the height of the banking crisis in October 2008 could give some insights into that question.

An article on BBC News on September 21, 2013, drew from an explosive autobiography called Power Trip by Brown's spin doctor Damian McBride, who said the prime minister was worried that law and order could collapse during the financial crisis.

McBride quoted Brown as saying:

If the banks are shutting their doors, and the cash points aren't working, and people go to Tesco [a grocery chain] and their cards aren't being accepted, the whole thing will just explode.

If you can't buy food or petrol or medicine for your kids, people will just start breaking the windows and helping themselves.

And as soon as people see that on TV, that's the end, because everyone will think that's OK now, that's just what we all have to do. It'll be anarchy. That's what could happen tomorrow.

How to deal with that threat?

Brown said, "We'd have to think: do we have curfews, do we put the Army on the streets, how do we get order back?"

McBride wrote in his book Power Trip: "It was extraordinary to see Gordon so totally gripped by the danger of what he was about to do, but equally convinced that decisive action had to be taken immediately."

He compared the threat to the Cuban Missile Crisis.

Fourth, there has been a revolving door lately of high-level meetings at the White House and elsewhere with top financial people from New York. Jim Willie of the Hat Trick report indicates these meetings are being run by JP Morgan Chase (what a surprise!).

Fifth, look at the recent data on states that have more people on welfare than are working.

If this doesn't tell you we are going to have problems of all sorts, then nothing will...

Here are the states that now have more people on welfare than employed:

I could go on and on, but I think you get the point.

When you add all this up, it points to a government and financial system that is getting more desperate by the day.

Add in the recent loss of trust by the public in their elected officials (the latest polls are the lowest in history) and the totally polarized populace that is at complete odds with one another, and you have the making of a complete firestorm if anything seriously goes wrong.

Something is seriously wrong with America.

It's time to arm yourself before the coming collapse on Wall Street.

Until next time,

Greg McCoach for Wealth Daily

The Free Market and Its Enemies

"Every government interference in the economy consists of giving an unearned benefit,
extorted by force, to some men at the expense of others."
— Ayn Rand

Governments worldwide and their central bank henchmen, using false and corrupted economic models, are trying to control all outcomes.

This should become obvious to anyone who studies what is actually happening, as compared to the bogus propaganda the mainstream media serves up on a daily basis.

As these flawed economic models are now openly failing, governments are becoming more desperate, because they don't know what to do other than keep promoting what is not working.

A list of the things that are not working (to name a few) is becoming crystal clear to anyone who actually does any critical thinking...

Keynesian economic policies
QE to Infinity — that is, creating more and more money out of thin air to fix any and all problems
Falsifying or manipulating data for contrived purposes
Creating economic bubbles of all sorts throughout the economy and hoping for the best
Constantly lying to and or deliberately deceiving the people for the purposes of political power or elitist financial gain
A "kick the can down the road" mentality, instead of doing the right things now
Competing abused worldwide fiat currencies trying to figure out "What is a true store of value"?
Funding both sides of a war for profit, and manufacturing the consent of the public through the propaganda B.S. of the media

As this behavior is increasing, the chances of any real economic recovery or betterment for society in general are diminishing very quickly.

With every passing day, it appears we are pushing up against the limitations of these flawed economic and political belief systems. And the powers that be know it.

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What is the Solution?

From my perspective, the free-market school of economics is a big part of a solution if we are to have a true economic recovery.

In a recent staff report from the Daily Bell, they concur with a free-market approach to our current predicament:

Central bankers have to step away from the printing presses and allow economies to subside back into normalcy. The longer they put off the purge, the worse it's going to get. What is slowing economies down and what will likely prevent a meaningful economy is the vast baggage of ruined Western financial facilities that central banks are dragging behind them like misery's manacles.

If central bankers want to end the pain and begin a real recovery, stop printing, let bankrupts unravel and let people begin to rebuild their communities, their local economies and even their extended family networks without endless monetary meddling and regulatory interference from on high.

Absent the relentless money stimulation, economies would calm down and so would business cycles. People would rediscover their independence and even regain a certain sense of meaningfulness in their lives based on sound money and the notion that more of the same was contained in their future.

A second part of a solution to what ails us is getting back to our constitutional values as a country.

Many of the Founders, despite their shortcomings, knew how to provide a constitutional structure conducive to peace, happiness, and prosperity — if future politicians wouldn't change it.

But change it they have.

Just for comparison purposes, we should remind ourselves what things would be like if the United States had retained the inspired formula of the original Constitution...

Constitutional scholar Cleon Skousen has given us the following:

There would be no income taxes, no returns, and no audits.
There would be no withholding tax.
There would be no federal Social Security taxes, since the advantages of private social security would make the federal program obsolete.
Taxes would be as the Founders intended: based on an excise tax or sales tax, where the rich pay more because they buy more.
There would be no national debt.
There would be no deficit spending.
There would be an honest monetary system based on gold and silver as the Constitution originally intended; all currency would be redeemable in gold or silver on demand.
The Federal Reserve would have been ruled unconstitutional. Even today, the Federal Reserve could be repealed by a majority of Congress under paragraph 31 of its original charter and have all of its assets turned over to the U.S. Treasury as required by the original act.
The notorious Butler case of 1936 would never have been allowed. This is the decision of the Supreme Court that unlawfully changed the "general" welfare clause to include "private welfare," opening the floodgates to socialism, profligate spending, and bloated budgets.
No bank would be allowed to advance credit based on taxpayers' bonds or to create fiat money (i.e. paper money out of nothing or without anything of value to back it up).
Charter banks by the federal government as well as the states would have to make loans on existing assets, just as the government requires in Singapore today. The Singapore banks are flourishing because the people trust them.
Profits from the U.S. National Bank would go into the nation's general fund to cut down taxes.
Profits from state banks would go to the states to cut down state taxes.
No further foreign aid would be permitted, since there is no authority for foreign aid in the Constitution.
Justice would be administered on the basic principle of repatriation to the victim instead of fines going to the state or federal government. Thomas Jefferson emphasized how well this principle worked for the Anglo-Saxons.
There would be no Federal Education Agency, which the Founders warned against most vehemently.
There would be no federal Medicare or Medicaid system, nor would there be national health care services. All of these services would be supplied by the local community or county. The government's expensive and inefficient boondoggle promised so much to everybody that soon, the entire health care system was in jeopardy... The younger generation has forgotten that before the government got its tentacles into the system, hospitals were cheaper and more efficient while being run by the Catholics, Seventh-day Adventists, Methodists, Baptists, Shriners, and Latter Day Saints. The county hospitals could afford to take practically anyone, because the doctors all volunteered to work on the needy a certain percentage of the time — free of charge.
All federal agencies would be subject to a sunset law. If they could not pass muster on constitutional grounds, they would be terminated at the end of the next fiscal year.
There likely would be no 14th Amendment (which allows federal courts to intervene in state criminal cases). Certainly there would be no 16th Amendment (which gave Congress power to extract an income tax), no 17th Amendment (with Senators becoming popularly elected instead of appointed, thus losing their role of guarding states' rights and sovereignty), no 23rd Amendment (which gives residents in the seat of government, Washington D.C., the power to vote, and the 25th Amendment would be sharply revised (giving the president power to freely appoint a successor for vice president without having Congress conduct a more scrutinized approval process with two-thirds vote).

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After reading this list, most people will quickly understand just how America has been hijacked — and why these principles are not taught anywhere in our public education system.

The powers that be want the masses dumbed down so they won't demand we ditch the current corrupt system that has now almost completely erased what the Founders gave us.

Today we have many enemies to the principles and ideas I have outline above.

In reality, there is probably little or no chance of escaping the coming collapse of our current unsustainable society. However, if we teach these principles to as many people as possible, we may be able to sift through the ashes after the consequences and create a better time and a better way of managing society based on free market principles and constitutional values.

I leave you with some great quotes regarding these issues...

"The popularized notion that an increase in the stock of money is socially and economically beneficial and desirable is one of the great fallacies of our time." — Hans F. Sennholz

"Trying to get government to be as efficient as business is as hopeless as trying to teach cats to bark and dogs to meow." — Walter E. Williams

"The costs of government are bound to be much higher than those of the free market...The State cannot calculate well and therefore cannot gauge its costs accurately." — Murray N. Rothbard

"There is nothing so good that politicians can't make it bad and nothing so bad that politicians can't make it worse." — Thomas Sowell

"No one can read our Constitution without concluding that the people who wrote it wanted their government severely limited; the words 'no' and 'not' employed in restraint of government occur 24 times in the first seven articles of the Constitution and 22 more times in the Bill of Rights."
— Edmund A. Opitz

"The more government does, the greater the chance that its efforts will be tilted toward a particular group's good, instead of the common good." — Joel Miller

"The U.S. Constitution may be flawed, but it's a whole lot better than what we have now." — Unknown

Until next time,

Greg McCoach for Wealth Daily

Where Do Investors Turn?

As one contemplates the current state of political and financial affairs worldwide, more and more investors are starting to shake their heads on where to place or invest monies for safety, liquidity, income, and/or profits.

Richard Maybury in his August Early Warning Report stated the following in this regard:

In all of 2,500 years of economic history I have studied, never before have I seen a time when avoiding financial loss has been so hard.

This is due mostly to the fact that governments today have deep and wide controls on practically everything concerning money. This includes the quantity of money itself, and even the right to talk and write about it.

The most difficult part of living with such uncertainty in today's world is that our financial fate is largely in the hands of corrupt people (politicians and banksters) who have the power to alter our lives at the drop of a hat.

They manipulate and spin the truth on just about everything, with little or no regard for how their decisions
affect us.

I have talked with many lately who astutely ask the question, "Where does one invest in such an unstable and troubled environment?"

Others ask, "How has it come to this?" or "Should we leave the country?"

Looking at the headlines, I don't believe we have seen so many signs of political and financial trouble all come together at one time like this since just prior to the last major financial crisis in 2008.

In my opinion, the 2008 crisis will pale in comparison to what is now on the horizon...

It is almost as if a "perfect storm" is brewing.

The powers that be know it and are preparing for it while trying to keep the masses in the dark.

You have to think for yourself and prepare.

If you let the mainstream media and government do the thinking for you, I believe you will be terribly unprepared for what is about to unfold.

In the coming months, keep a close eye on the "too big to fail" banks both in Europe and in the United States. When the next great financial crisis strikes, they will be center stage once again.

They have been incredibly reckless, and as James Rickards said during an interview last week, we are in much worse shape to deal with a major banking crisis than we were back in 2008.

What's going to cause the next crisis?

According to Rickards, "The problem in 2008 was too-big-to-fail banks. Well, those banks are now bigger. Their derivative books are bigger. In other words, everything that was wrong in 2008 is worse today."

Rickards goes on to warn:

The last time, in 2008 when the crisis started, the Fed's balance sheet was $800 billion. Today, the Fed's balance sheet is $3.3 trillion and increasing at $1 trillion a year.

You're going to have a banking crisis worse than the last one because the banking system is bigger without the resources because the Fed is tapped out.

As far as the Fed ending the money printing, Rickards predicts:

My view is they won't. The economy is fundamentally weak. We have 50 million on food stamps, 24 million unemployed and 11 million on disability, and all these numbers are going up.

Looking at this from a historical perspective, what we are now experiencing is nothing new. It is, unfortunately, a very familiar story for those who know history and learn from it.

Empires of the past have gone through this cycle of prosperity, peak, decline, and collapse. Rome is probably the greatest example, but there are many others you can study.

The events that are associated with this collapse are always the same — namely tyranny, ever-increasing police state, out of control government spending, hyperinflation, civil unrest, war, debilitating taxes, repressive regulations, and terminal decline in people's freedom and standard of living.

In addition, there is always a tiny group of elitists who thinks they should control the entire system with unchecked dictatorial powers, including absolute control of the money supply and military.

But the lessons from history paint a very bleak picture for governments that go down this road...

They always fail 100% of the time, without exception.

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How Did We Get Here?

What is troubling to me is that a majority of Americans can't see what is happening or what is coming, no matter how delicately you try to help them understand.

A quote from someone who does get it was sent to me by a fellow subscriber. It could explain why so many simply won't understand until it is too late.

Unfortunately, he didn't name the author, but here it is...

The slavish acceptance by the majority of anything that comes approved by the state reminds us why America is a Republic and not a Democracy, emphasizing the vital function of the Constitution and the rule of law to protect the minority from the dangerous obsequiousness of a population that is so uninterested in educating itself on real issues that it greases the skids for government corruption and malfeasance to run wild.

In my opinion, this is where we are.

Over the years, I've used a series of questions to learn more about the level of understanding that people are coming from.

One of the questions is: "Was the United States of America set up by the Founding Fathers as a Republic or a Democracy?"

Without hesitation, nine out of ten people will answer that question with "Democracy."

Fortunately, that is not the right answer. Our country was set up as a republic, not a democracy — and for the very reasons the quote above demonstrates.

Shortly after setting up our country, the wife of Benjamin Franklin asked him what this new government was all about, and Franklin responded, "A Republic, madam, if you can keep it."

We are getting dangerously close to losing that republic, as so many of the Founding Fathers feared — despite their best attempts to keep government small with so many checks and balances.

Unfortunately, big, out-of-control government is what we now have.

The beast is hungry and must be fed.

Our investments and savings are on the line.

I maintain that ownership of physical gold and silver and preparation for troubling times have never been more important in your life than right now, especially while you can still buy things at discounted or reasonable prices.

I don't know how much longer we will see these levels, but the market seems to be telling us that precious metals and prices of goods and services will soon be on the move to higher ground.

Until next time,

Greg McCoach for Wealth Daily

The Bottom for Miners...

Any family who has taken young children on a long car trip knows all too well the familiar whining of the kids, who impatiently say from the backseat, "Are we there yet?"

Recent events this summer have given me hope that the bottom for our junior mining shares may finally be approaching.

This is a time to watch closely if you are a contrarian — and to use any available cash to purchase the best companies at a severe discount.

As metals prices were getting hammered again in July, I began to see several stories that are typically the kinds of signs I look for when our market makes a bottom...

The first story is Jim Rogers announcing he is starting to buy gold once again.

In an interview with Hard Assets Investor last month, Jim Rogers said the following:

When Jim Rogers talks, investors listen.

He is considered by many the world's best-known commodity investor.

HAI: All the talk recently has been about the recent plunge in gold. You've been saying, for a long time now — even when prices were hitting record highs — that you weren't going to buy until prices corrected to $1,200. Are you still planning on buying there?

Rogers: Yes, if it gets there. I bought more today [June 18], as a matter of fact. I bought a little bit, not much, over the last few days in case this was the bottom. I would not be surprised if there's another chance to buy lower later on, but I'm buying and I own it. I haven't sold any.

HAI: How do you determine whether gold is a good value or not? What has to happen for you to get completely out of gold and stay out?

Rogers: All these things will end in a bubble someday. Long bull markets always end in a bubble or mania before it's over with. And when there's a bubble in gold, I hope I'm smart enough to get out. We haven't seen a bubble yet. Until recently, if you went around any U.S. city, you would see signs outside many jewelry stores saying, "We buy gold." And the American people line up to sell gold. Later there'll be signs there saying, "We sell gold," and people will be lining up to buy it in big ways. That hasn't happened yet.

HAI: What do you think is the most underappreciated commodity story out there right now?

Rogers: Maybe sugar. But I don't really know. I haven't thought about it. Just find out whatever is down the most and find out where the most bears are. And that's probably it. I don't know whether there are more bears on silver and gold or on sugar right now. But wherever the most bears are, that's where you should look.

The second story is a sudden change in the pace of purchasing physical metals.

This has typically been a good bellwether sign that things are about to turn — especially when it happens during the slow summer months.

Multiple news agencies on Friday, July 19, reported a similar message:

Precious metals advanced Friday, though they plunged in June and for the second quarter.

Gold for August delivery traded higher Friday by $12.10, or 1%, to settle at $1,223.70 an ounce on the Comex in New York. The daily gain, supported by improved physical demand, was a first for the yellow metal this week.

"There is definitely some increase in the pace of physical purchases," Matt Zeman, a strategist at Kingsview Financial in Chicago, said in a telephone interview according to Bloomberg News.

"We are also seeing some short covering after prices started rising."

The third is the continued number of stories that the likes of Goldman Sachs and JPMorgan Chase are closing out their short positions in the precious metals.

Is this for real, or is it just another head fake to lure the masses out of their metals positions?

While I never really believe anything bankster scum like Goldman Sachs and JPMorgan Chase have to say in the media, they have had a good run on the downside of the metals. And they are smart enough to understand that quantitative easing in massive amounts is on its way, despite what is being touted in the media right now.

Thus the current dollar strength will be exposed as the next big round of QE is served up and metals prices once again gain center stage in the unfolding drama.

Any talk that the secular bull market in precious metals is over is total nonsense.

I am now cautiously optimistic that we may finally be on the verge of putting in the bottom on metals prices and junior mining shares. And I really could care less what the bankster scum have to say, but it would make sense for them to start covering short positions at this point.

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Looking back, I certainly didn't see gold and silver correcting this much.

However, I do expect that after the bottom is in and we experience a soft, slow recovery, things could get very interesting in a hurry as the derivative time bomb makes its way into the news again later this year or early next year...

Someone sent me this anonymous quote that I think sums things up perfectly:

Similarly, a fog has descended upon the metals markets and it is obstructing your view. I can assure you, though, that this fog too will soon lift and a new day will emerge, beautiful and bright, and when it does, your physical metal will have you prepared for all that the world has to offer.

Whoever said that certainly has a great grasp on what is happening...

This is a time — when the news is bad — that the contrarians make their bets, giving themselves the best chances for success in ownership of precious metals and junior mining shares.

When you buy real low, you have that much more room for selling higher when our market fully rebounds.

So, are we at the bottom?

It's certainly beginning to feel that way to me, even though we are only getting the first clues at this point.

I don't expect anything dramatic at first; just a slow turn of events leading us past the bottom for now...

Hopefully, this is the beginning of the next big phase in the secular bull market in precious metals and our junior mining shares.

Until next time,

Greg McCoach for Wealth Daily

Mining Stock Bottom

While our market continues to suffer, I have been in a constant search for the best values amongst our slaughtered junior mining shares...

The good news is there is great value within our sector.

The bottoming process for precious metals continues to be an ongoing and debilitating scenario leaving faithful investors wondering when this will end...

Yet as this is happening, the fundamental rationale for taking positions in the metals has never been stronger.

From a contrarian point of view, this is creating an exceptionally incredible opportunity to buy low and sell high.

And while it is still too difficult to call a bottom at this point, many of the shortcomings in recent years of the precious metals sector appear to be fading away...

Within the mining share community, management teams that were not doing the right things for the right reasons have come under intense scrutiny and pressure the last six months — and are being pushed out the door. Where ego and pride on the part of management ignored legitimate shareholders concerns in the past, they now must consider them or lose their positions.

This type of activity over the summer months this year is sure to cause plenty of changes within the junior mining sector, with many companies falling by the wayside.

This, to me, is a good sign that we are nearing the end of this horrendous downward cycle we have had to endure.

Shopping for the best values and realignment of our portfolios over the summer period this year is absolutely critical for recovering lost monies and getting back into the black.

I have seen this time and time again during my tenure as an individual investor and as a newsletter writer of the junior mining shares, where portfolios that looked down and out are suddenly rejuvenated.

There is no doubt this particular bear market has been the worst one I have ever dealt with. It has certainly taken a toll on all of us.

But I firmly believe we will soon see the bottom of this activity and begin to solidify in preparation for what looks to me like one of the most aggressive moves higher that we have ever witnessed.

For now, the linchpin to holding the whole enchilada together for the U.S. government is keeping the illusion of a strong dollar, no matter the cost. And a strong dollar keeps gold and silver prices in check.

This is the modus operandi of the powers that be.

They will do everything in their power to continue this — until suddenly, they can't do it anymore.

Paul Craig Roberts posted an excellent article last month that I thought was right on the mark:

A perfect storm has been prepared for America. Real interest rates are negative, but debt and money are being created hand over foot. The dollar's demise awaits the world's decision how to get out of it. The Federal Reserve can print dollars with which to keep the bond and stock markets high, but the Federal Reserve cannot print foreign currencies with which to keep the dollar afloat.

When the dollar goes, Washington's power goes, which is why the bullion market is rigged. Protect the power. That is the agenda. Is it another Washington over-reach?

Unfortunately, I still don't see our market recovering in the near term — despite my belief that when the turn comes, it should be quite volatile to the upside (thus the need to buy the best values in the coming weeks and months ahead).

I remain focused that those who do this will recover their losses and get back into the black within their junior mining stock portfolios.

Something big is amiss in the financial system, and the monetary authorities sure seem spooked about it. I have maintained that we'll see another round of derivative nightmare unleashed throughout the system — but this time, the problems are magnitudes worse than in 2008.

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The general public is completely oblivious to any of this as they continue to invest in the highly-overvalued Dow stocks. Smart investors sense that something is wrong, even if they don't fully understand, and are taking precautions.

The latest new catastrophe caused by the Keynesian central banksters is Japan.

Japan's stock market/real estate bubble burst in the early 90s. Since that time, Japan has launched NINE QE efforts equal to roughly 25% of its GDP.

And GDP growth has worsened despite these efforts, from 2% to 1%. Ditto for employment.

Japan elected their new Prime Minister Shinzo Abe in September 2012. Since that time, his primary belief has been that Japan hasn't engaged in enough stimulus. He threatened the Bank of Japan to get working — and it did, announcing a $1.4 trillion stimulus in April.

Since that time, the yen has positively imploded...

It broke below 100 for the first time in years. It's now fast approaching the long-term trend line.

When we remove this from the equation, it's game over for the great monetary experiment of Japan.

Japan has a debt-to-GDP of over 200%; the country's demographics are terrible (it sells more adult diapers than children's diapers); its economy has been imploding for 20 years; and now its truly epic bond bubble is on the verge of collapse as well.

If you thought Greece and the continuing onslaught in Europe was bad for the financial system, wait until you see what Japan will do to it...

So here we have two of the three biggest economic centers in the world (Europe and Japan) already in implosion mode, with the biggest economy, the United States, barely hanging on and soon to experience their consequences.

As all of this is happening, the banksters have another monster derivative surprise that is about to be unleashed, causing the banks to sign agreements worldwide that if they get into trouble, the model followed in Cyprus this year will be engaged worldwide.

As intelligent investors, our options are severely limited if we can't depend on our savings and retirements accounts to be there as the chaos unfolds.

A recent Jim Sinclair quote sums it all up:

Everything is off the table when you suddenly have 90 plus percent of the population realizing that their options are essentially rape, steal, kill, or do whatever you have to do to survive, or just sit there and die.

Chaos. The elites hate chaos. The police hate chaos. The people hate chaos. As the Joker said in The Dark Knight: "You know... the thing about anarchy... at least it's fair."

No one wants what is coming — but those who understand what is happening realize you must prepare if you want to survive well.

Ownership of the precious metals and the quality junior mining shares will shine like they never have before in the coming chaos and civil unrest. Food, protection, and supply preps are a no-brainer at this point, with a portion of your funds.

Stay invested in precious metals, and prepare as much as you can while we wait to see what the bankster geniuses have in store for us...

I'm betting all my chips it's not going to be a pretty picture.

Until next time,

Greg McCoach for Wealth Daily

Is Mining a Bad Thing?

I am absolutely amazed at the total disconnect of society with the things they hold dear — cell phones, computers, cars, houses, and so on — and what makes these things possible.

A few years ago, I was asked to speak to a group of high school-aged students about mining in general terms.

To make it fun and interesting, I started off the presentation with a question...

How many in this audience think that mining is a bad thing?

About half the hands in the room went up.

This should come as no surprise when you see the bias against mining in society and within the public school system.

A couple of years ago, my middle school-aged daughter came home with an assignment about the environment and the dangers of mining. It was a totally biased slant that taught my daughter mining was not a good thing.

I took around two hours of my time to make sure she clearly understood that this was not true — and that her teacher was either very naïve or completely stupid to be teaching such nonsense.

Anyway, in my presentation to the high school students, I brought a big trash can on stage anticipating what the result of my question would be...

Based on the fact that roughly half the audience thought mining was a bad thing, I asked everyone who had raised their hand to please deposit their cellphones, iPhones, iPads, iPods, Game Boys, and laptops into the trash bin.

Because without mining, they wouldn't have these things.

I then gave the students the breakdown on how much of each mineral each one of them would require during their lifetimes to keep their current standard of living intact:

How many pounds of coal to keep them warm and provide electricity for their homes, computers, and Internet services;
How many pounds of copper they will use to purchase all the cars and homes they will own;
How many pounds of copper will be needed to create the modern cities where they choose to live;
How many pounds of lead, zinc, cobalt, silver, gold, platinum, palladium, nickel, chromium, uranium, and a host of others that will be needed just to keep them acclimated in the things they have grown so accustom.

I told them that without mining, we wouldn't have a military to protect us, as everything related to guns, ammo, ships, planes, and battlefield implements comes from mining.

After going through all the slides showing how much of each mineral each student will personally require over his or her lifetime and what each of those minerals is used for, I again asked the question: How many of you now feel that mining is a bad thing?

Not a hand in the audience went up.

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There is an incredible need to help society understand that responsible mining is absolutely necessary and critical to keep our way of life intact.

I left the students with this thought and quote: "Look around you... Everything you see — if it hasn't been grown, it comes from mining."

This experience left me with one last thought that I have since shared at the many mining conferences I speak at: Responsible mining companies need not be defensive about what they do.

It would do much good if mining companies would educate people on where things come from and what minerals are required to make them.

There is no need to go on the offensive, but we need not apologize for doing what is in the interest of mankind.

With that said, understanding the investing potential for resource stocks and having the knowledge to successfully invest in them can take you and your loved ones a long way towards a prosperous future, despite the volatile nature and cycles of the business of mining.

As I always say in my rants over the years, volatility is your friend — not your enemy — if you understand how to play it.

Until next time,

Greg McCoach for Wealth Daily

Eurozone Financial Crisis

With all the financial shenanigans going on in Cyprus and elsewhere around the world, two quotes stand out to me...

"QE to Infinity, followed by Gold balancing the balance sheets of the sovereign balance sheet disasters. Just as there is no tool other than QE to feign financial solvency, there is no tool to balance the balance sheet of the offending entities other than Gold. It is just that simple." — Jim Sinclair

"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered." — Thomas Jefferson

These two quotes, in my opinion, sum up the terrible situation that has been allowed to take place in our modern world which will soon engulf everyone — not just this deplorable theft of personal savings accounts in Cyprus.

Thomas Jefferson fully understood what banksters would create for all of us if they were left unchecked to their own devices. They have been allowed to do so by the politicians they have bought and control. Because of this, they are now treated as a special class of citizen and can literally do no wrong. Anything they do is forgiven and papered over.

This is how a country devolves from being a nation of laws with liberty and justice for all... to a nation of men with absolute control for a few and abject misery for the rest.

Over the last few years, political and financial leaders in Europe and the United States have implemented policies, regulations, and bailouts costing global taxpayers trillions of dollars with the promise that these measures would lead to economic growth and recovery. But it's been a pack of lies and deceptions to trick the public.

We've seen it time and time again over the last five years: Governments overstepping their authority and punishing their people because of the actions of elite banking conglomerates, dirty politicians, and bought-off regulators.

Unfortunately, what has happened in Iceland, Greece, Ireland, Hungary, Argentina, Spain, and Portugal in the last five years is just the beginning of far worse consequences that will soon wreak havoc throughout the entire world...

The game plan moving forward is the same rape and pillage routine in the name of purported recovery and stability, but on a much grander scale worldwide.

Today we're seeing it in Cyprus, where Eurozone financiers have threatened to not only rob the populace of their personal savings, but shut off access to bank accounts indefinitely. And, as we've seen elsewhere, the people are having none of it. Hopefully they fight back and win the day, but this activity will soon become commonplace in multiple locations throughout the world.

What happened in Europe a few weeks ago is yet further proof that nothing they've done has fixed the underlying fundamental issues surrounding the events that led to the crash of 2008.

The Cyprus situation, in my opinion, is just a trial balloon the banksters are sending out to see how much they can get away with — knowing they must implement these sorts of policies in many other places.

For those who don't believe the bought-and-paid-for stooges of any government are prepared to take extreme measures that may include the seizing of retirement accounts, cash savings, or even gold, look no further than Cyprus, the latest recipient of bank bailouts. The European Union has made the determination that the people of Cyprus are now responsible for the hundreds of billions of dollars in bad bets made by their government and bank financiers, and they are moving to confiscate money directly from the bank accounts of every person who has savings in the country.

In a recent King World News interview, former Assistant Secretary of the U.S. Treasury, Dr. Paul Craig Roberts, talked about the crisis in Cyprus, "warning that banks are now moving to enslave humanity."

Roberts went on to say:

You see, this crisis is being used by the EU bureaucracy in Brussels to destroy the financial sovereignty of the individual countries...

That's what this is all about. They are saying, 'We can't trust you with the euro because you create too much debt. So we're going to decide your budget, your tax policies, and your spending policies.'

Trichet, the (former) head of the European Central Bank, he made this clear in all of his public speeches that this is where it was going. So what you see is the whole bailout, at the expense of the public, the purpose is to destroy the sovereignty of the individual members, and to concentrate the power in Brussels and in the private banks.

It's the same here (in the U.S.). Who runs the Treasury? Who runs the financial regulatory agencies? Who runs the Fed?

It's all of the executives of the banks that are 'too big to fail.' That's exactly who they are. So the various CEOs who got the banks in trouble are now running economic policy in the United States. That's essentially where it is headed in Europe.

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What's Next?

Just as I talked about the derivative problem prior to the 2008 meltdown, I now believe the world is about to witness another round of derivative horror — and on a much broader scale than last time. The powers that be (banksters) and their bought-and-paid-for politicians fully understand what they must now deal with regarding failing derivatives.

How is it that people don't understand all the desperate measures we are currently seeing within our own government here in the United States?

As an example, why would the U.S. government start purchasing massive amounts of hollow point ammo rounds in addition to large purchases of assault rifles for several government agencies like the Department of Homeland Security and the Social Security Administration?

Anyone familiar with hollow point rounds understands that these rounds are for killing people — and not for training purposes, as the government says. Why would you waste money buying hollow points, which cost more than target rounds, if you are buying these rounds for training purposes?

It makes absolutely no sense to do so. Unless you have other motives...

According to an enlightening article written recently by Michael Snyder called, "The Coming Derivatives Panic that Will Destroy Global Financial Markets":

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance.

They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

According to Snyder, the following large banks are represented at these meetings: JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, and Citigroup. When the casino finally goes "bust," you will know who to blame.

Without a doubt, a derivatives panic is coming. It will cause the financial markets to crash. Several of the "too big to fail" banks will likely crash and burn and require bailouts.

As a result of all this, credit markets will become paralyzed by fear and freeze up.

Once again, we will see the U.S. economy go into cardiac arrest — only this time it will not be so easy to fix.

I gave similar evidence before the 2008 meltdown, and I am now giving readers greater warning signs now: From my viewpoint, everything points to another financial derivatives collapse that these elitist banking scum will use to take whatever they damn well please. The time frame is hard to gauge, but I believe 2014 is when the crap will finally hit the fan.

I base this on the fact that some very interesting data about the velocity of money and money supply have suddenly come together...

Since the 2008 meltdown, one question I have received more than any other has been: "Are we in inflation or deflation?" And during the last five years, I have told folks we are seeing both, giving the lowering of real estate prices as a basis for deflation and the increase in food, fuel, and medical costs as a basis for inflation.

Many very sharp people have made their case for a coming deflationary or inflationary crash, splitting the consensus down the middle as to which way things will go. I have stated my opinion quite clearly over the past five years that I believe we will go the inflationary route, not the deflationary scenario that many have predicted.

Now, the data seems to support the inflationary pundits like myself. In recent weeks it now appears that deflationary conditions are ending. When the velocity of money rises at the same time as the money supply, historically this has been the recipe for an inflationary catastrophe.

Richard Maybury of the Early Warning Report stated in his March-April report: "The great transition we've been predicting from deflationary conditions to inflationary conditions has arrived."

New fortunes will be built by those who are in non-dollar assets — like physical ownership of gold, silver, and platinum — along with raw land, real estate, raw materials, and precious metals mining stocks.

For now, the irrational exuberance will continue for the balance of 2013 as all the newly-created funny-money continues to give the economy a sense of false hope...

But come 2014 and beyond, the day for non-dollar assets will finally be a reality.

Our long suffering these past few years will be a thing of the past as we enjoy the profits that will surely come our way when the big inflation hits. Timely purchases now or over the course of the next six months in precious metals or quality precious mining shares will represent the last chances to purchase these items on a severe discount.

I realize our market is very quiet at the moment, and will probably remain so for the balance of this year...

This is a time for shrewd investors to pick up the best values at super cheap prices.

The only thing positive about the coming worldwide financial debacle is that we can make a ton of money off the stupidity of the system and be prepared as best we can for very troubling times.

I worry about those who don't have a clue and will suffer.

Until next time,

Greg McCoach for Wealth Daily

The Grand Government Debt Illusion

As I read and study the daily parade of lies and disinformation that is being disseminated via the media, Internet, politicians, and so on, I can't help but come to the conclusion that governments and their respective societies have taken total leave of their senses.

The basis for trying to sustain any of this fraudulent activity is so far detached from reality, it boggles the mind.

What makes it even more distressing is that a majority of the population is seemingly willing to go along with it. They appear to be totally oblivious to the tsunami that is about to engulf them.

How can this be?

Don Coxe's 20th anniversary issue and final installment of Basic Points entitled, "The Final Problem," was a phenomenal read. Coxe views world markets with the understanding and appreciation of a tenured historian; he views trends from a multi-decade and century-long perspective.

With that said, he articulated very well a parallel between today's TV-and-couch generation of Americans and "the Lotus-eaters" described in Homer's seminal work, The Odyssey:

As the years pass, and the heroin and handouts keep flowing, we increasingly worry about the longer-term harm to the U.S. economy from zero interest rates, the extensions of the duration of unemployment benefits, and the dramatic increases in the numbers of recipients of food stamps and disability benefits. Could the cumulative effect of all that well-intended government assistance mean that too much of the population might be morphing into a new version of the lethargic Lotus-eaters Homer describes in The Odyssey?

Odysseus' ship was blown off course and landed on an island (supposedly near present-day Libya) where the residents, who dined on the lotus flowers, were peaceful, happy and sleepy. They willingly shared the flowers with crew members:

"Any crewman who ate the lotus, the honey-sweet fruit, lost all desire to send a message back, much less return, their only wish to linger there with the Lotus-eaters, grazing on lotus, all memory of the journey home dissolved forever. But I brought them back. I forced them, hauled them under the rowing benches, and lashed them fast."

This account of Odysseus's alarm at the effects on his battle-hardened crew from the opiate in the flowers, and his forcible roundup made us wonder whether years of government support and poverty programs at a time that manufacturing and heavy labor jobs have been disappearing might have a similar effect on millions of Americans — and on the seemingly dwindling élan vital of the American economy.

What can be done when people become Lotus-eaters and expect or demand others to take care of them? (If you want to see a shocking video of this type of thinking, look no further.)

On the financial side of the equation, the recent circus called the fiscal cliff ended up exactly as I expected, with a deal to kick the can down the road, avoid spending cuts, and increase taxes.

How stupid can stupid get is what we are witnessing. The fiscal cliff is just a sideshow to the main event of dealing with our debt. If you noticed, there was no discussion — from either Republicans or Democrats — on the most pressing issue for our country: THE DEBT!

So they punt and decide to make an issue out of the fiscal cliff in the media to keep people from understanding what is really going on with our true debt picture.

Have many of us have forgotten that the fiscal cliff came about as a result of the failure to come to an agreement on deficit reduction?

Have we likewise forgotten the official name of what came to be known as the super-committee? It was known formally as the Congressional Joint Select Committee on Deficit Reduction. The Budget Control Act of 2011 wasn't primarily about tax rates. It was about reducing the deficit.

So let's begin our New Year analysis of where we stand with a reexamination of the deficit that the act was supposed to address...

The deficit for fiscal 2013 is estimated by the Congressional Budget Office to exceed $1 trillion once again — for the fifth consecutive year.

Mr. Obama persuaded Congress to raise taxes to pre-2001 levels for every individual tax filer making more than $400,000 and joint filers making more than $450,000.

How much extra revenue will that produce? Roughly $60 billion. That's just 6% of the $1 trillion annual deficit, if that number is even believable. (In reality, it's probably much higher than that, but let's just keep it simple and say it's only $1 trillion a year.)

Making a 6% dent in a problem that threatens the future worldwide economic leadership of the United States is not much of a solution. It's pathetic.

How much would income tax rates need to rise to close the gap? The number is so large that, in a sense, we'd never get there.

It would require a tax increase on every taxpayer of more than 65%.

We'd never get there because such a tax increase would tank the economy and cause incomes and the taxes on them to fall far short of the levels necessary to produce the projected revenue increase. Note: This is an increase greater than 65% on ALL taxpayers — low-, middle- and upper-income earners, plus corporations and others.

Here's the rough calculation that leads to that 65% tax increase figure: The federal government borrows more than 40 cents out of every dollar. To get to a balanced budget without cutting expenditures and by raising taxes alone would thus require about a 67% increase to get from a 60% revenue level to a 100% revenue level.

We cannot get there — or even halfway there — by raising taxes. Rapid economic growth coupled with real, substantive expenditure cuts is the only practical route to reducing the deficit, thus the reason why politicians on both sides of the aisle avoid talking about it.

If you focus on the wrong problem, you're almost always going to wind up with the wrong solution... Revenues are not the problem, and focusing on revenues in the face of a trillion-dollar deficit will lead to the wrong solution.

The only way we could have gotten out of the unsustainable fiscal mess we've created is to focus on reducing spending and stimulating growth, and we now know with absolute certainty that is not going to happen. The economy will not grow when a massive tax increase is imposed.

Growth requires low taxes. Low taxes require smaller government.

We've forgotten the most basic principles in economics, and until we reembrace them, we should look at short-term fixes as worse than no fix, because they give a GRAND ILLUSION of progress that is the polar opposite of their real effect.

In a recent article in the Wall Street Journal entitled, "Why the $16 Trillion Only Hints at the True U.S. Debt," Chris Cox and Bill Archer explain "the cupboard is bare." If federal accounting were truthful, they said, we'd see that federal debt and spending are catastrophic.

Even if the IRS confiscated all the income of all corporations and all persons earning more than $66,193 per year, the government would still come up short, to the tune of $1.3 trillion per year.

This is where the U.S. now goes into the death debt spiral. There is no avoiding this anymore.

Many are calling this the point of no return, but as I have maintained for several years now, we crossed that line a long time ago...

There is no fix for the federal government.

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At best, the politicos and banksters can kick the can down the road a few more times before they flee as the country is totally engulfed in runaway inflation, civil unrest, riots, strikes, and a massive crime wave.

Richard Maybury, editor of the Early Warning Report, stated it this way:

The federal government has spent eight decades getting itself into terminal financial trouble. In the next several years, I believe the typical individual who does not understand what is happening in the economy and is not prepared, could experience a level of stress normally seen only on battlefields.

The only question is trying to guesstimate when the federal behemoth will finally go belly-up. In the west, the signs are already appearing. As the government tries to save itself, it is withdrawing from control of its territory. An ancient truism in geopolitics is, a government only owns a parcel of land if it has a soldier with a rifle standing on it.

Thousands of acres of Bureau of Land Management land are no longer patrolled or monitored by the bankrupt federal bureaucracy, and the BLM has told county sheriffs this land is now their responsibility. Typically a sheriff's reply to the BLM goes something like: you don't have jurisdiction over me; the land is your problem and your expense, good luck with that!

As the financial crisis worsens, we will see the federal leviathan withdrawing from its empire. This may be shades of the British Empire leaving India in 1947 or the Belgian government leaving the Congo in 1960.

This, in my opinion, brings us ever so closer to the end of "THE GRAND ILLUSION" period of the baby boomer generation.

Reality must soon be dealt with, and hopefully the pain and suffering that is coming will wake up the clueless masses so that real liberty and freedom are once again possible for all.

In the meantime, you know the drill: Own precious metals, the highest-quality junior mining shares, and get prepared for major civil and economic chaos.

And don't be surprised that those who would like total control and dominion over our lives will be looking to capitalize on the chaos they created by consolidating more power and control for themselves as they look to move their New World Order agenda forward. Here's hoping they fail miserably.

All the signs are pointing to something terrible happening in 2013.

Please check your last-minute preparations to make the coming debacle as comfortable and safe as possible for you and your loved ones. Even the smallest preparations can make a huge difference...

The time left before the SHTF looks very short.

Until next time,

Greg McCoach
Analyst, Wealth Daily
Investment Director, Mining Speculator

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German Gold Repatriation

The big news last week was the initial announcement by Germany that they would be repatriating their gold back to Germany, and the political rhetoric that followed...

In what could be a watershed moment for the price, provenance, and future of physical gold, not to mention the “stability” of the entire monetary regime based on rock solid, undisputed “faith and credit” in paper money, German Handelsblatt reports in an exclusive that the long suffering German gold, all official 3,396 tons of it, is about to be moved.

Specifically, it is about to be partially moved out of the New York Fed, where the majority, or 45% of it is currently stored, as well as the entirety of the 11% of German gold held with the Banque de France, and repatriated back home to Buba in Frankfurt.

Andreas Dobret, member of the Executive Board of the German Bundesbank, dismissed suggestions that the gold would be repatriated as “a discussion which is driven by irrational fears,” adding, “the Bundesbank will remain the Fed’s trusted partner in future, and we will continue to take advantage of the Fed’s services by storing some of our currency reserves as gold in New York.”

Since a significant proportion of that gold is now being moved out of the New York Fed, are we to assume this “trust” no longer exists?

A month prior to Dobret's statement — which was made directly to the New York Fed’s Bill Dudley — the Bundesbank stated it would “continue to keep gold at international gold trading centers” because that gold could be “pledged with the Federal Reserve Bank as collateral against US dollar-denominated liquidity.”

When Venezuelan President Hugo Chavez ordered the repatriation of 85% of the country’s bullion reserves from European Banks, most of which was held with the Bank of England, the move was dismissed as “unnecessary and expensive,” with others accusing Chavez of acting out of paranoia.

The reaction to Germany’s decision to do almost precisely the same thing is likely to be more muted so as not to start a stampede of other countries seeking to mimic the Bundesbank’s actions.

Germany is the second-largest gold holder in the world.

“This is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed — because if the central banks don’t have faith in one another, why should anyone else? —
trust in central banks by other central banks is ending.”
— Zero Hedge

In the end, the criminals always turn against each other. This could be a sign this process is already under way.

I would have to agree with this assessment by Zero Hedge, especially on the heels of the “gold is money” announcement two months ago regarding the Basel III accord, which should have gone into effect as of the first of the month.

(I haven’t seen any official announcement regarding this, but I would expect we should get clarification on this within the next few weeks.)

Taking into account the timing of these two events — how close they are in proximity to one another — appears to be very bullish for gold.

Yet our gold price for the moment seems to be caught in a very boring but tight trading range with little in the way of news to drive us significantly one way or the other.

However, this can change rather quickly.

As I try to keep a balanced perspective on where precious metals prices are headed, I often do a quick “T” account analysis, listing the reasons why precious metals prices are going higher on the left side of the “T,” and lower on the right side of the “T”.

I try to think of everything I can for each case, and then look at which argument is more compelling at any particular juncture...

At the moment, the odds are stacked in gold’s favor for moving higher in the bigger picture — but lower in the short term, due to governmental interference, which appears to be excessive as of late. (When this happens, it is usually a sign precious metals will soon go higher).

To think the government intervenes in the precious metals markets should come as no surprise, as they lie about and manipulate just about every piece of economic and financial data they report.

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I don’t speak much about government rigging of markets because, in the end, anyone who tries to manage a market always loses.

But it is important to understand this is part of the process of being an investor in an asset that is basically despised by government.

When you are running a fraudulent fiat currency scam, a rising gold price exposes the fraud and signals investors and citizens to protect themselves from government devaluation by owning the yellow metal.

Politicians typically hate gold or the thought of backing a currency with gold because it keeps them accountable to the people. (Ah, what a concept! Keeping these pricks accountable to us and not their bankster puppeteers!)

Matt Taibbi, the reporter from Rolling Stone Magazine who recently wrote a scathing commentary on the 2008 government bailout lies, said the following:

But the most appalling part is the lying. The public has been lied to so shamelessly and so often in the course of the past four years that the failure to tell the truth to the general populace has become a kind of baked-in, official feature of the financial rescue. Money wasn't the only thing the government gave Wall Street – it also conferred the right to hide the truth from the rest of us. And it was all done in the name of helping regular people and creating jobs. "It is," says former bailout Inspector General Neil Barofsky, "the ultimate bait-and-switch."

The bailout deceptions came early, late and in between. There were lies told in the first moments of their inception, and others still being told four years later. The lies, in fact, were the most important mechanisms of the bailout. The only reason investors haven't run screaming from an obviously corrupt financial marketplace is because the government has gone to such extraordinary lengths to sell the narrative that the problems of 2008 have been fixed. Investors may not actually believe the lie, but they are impressed by how totally committed the government has been, from the very beginning, to selling it.

It’s all just a pile of lies and grand deceptions to keep the people in the dark.

Until next time,

Greg McCoach
for Wealth Daily

Uncle Sam's Financial Suicide

The Federal Reserve’s decision last month announcing “infinite” quantitative easing has now put the United States on the path of infinite money creation.

With up to $85 billion in monthly money creation — including $40 billion a month in purchases of mortgage-backed securities — the Fed is now wholly committed to the creation of money out of thin air to cover old debts.

Mathematically, this financial death spiral can only end in sheer catastrophe.

This massive money creation tactic is the Fed’s last-ditch plan to desperately try to save the economy.

“I think the country should have panicked over what the Fed is saying that we have lost control,” said Ron Paul, “and the only thing we have left is massively creating new money out of thin air, which has not worked before, and is not going to work this time.”

Peter Schiff added, “This is a disastrous monetary policy; it’s kamikaze monetary policy.”

Schiff is right. This is financial suicide.

It’s also highly offensive to anyone who can actually do math (which, sadly, isn’t that many people these days).

Where is the well-placed outrage from the media or the people when it is actually justified and sorely needed?

Bernanke’s announcement that the Federal Reserve will embark on an open-ended scheme to purchase $40 billion in mortgage-backed securities each month has been touted by the establishment media as the beginning of “QE3.″

The fact, however, is QE3 is just another banker bailout in disguise.

While many have rightly attacked the Fed’s policy of printing money as a Band-Aid that does little to solve the economy in the long term, this new move is far removed from anything that resembles helping the people or the economy.

The policy announced in September will merely see the Fed use taxpayer money to purchase more bad debt in the form of junk mortgage-backed derivative based securities that have been sold over and over again.

This has nothing to do with getting the economy going again — and will only serve as yet another huge wealth transfer from the middle class to the elite.

They are stealing from us, not helping us!

QE1 and QE2 both did absolutely nothing to rescue the economy. Despite a massive injection of quantitative easing over the last four years, the unemployment rate in the United States is dismal and getting worse, not better.

In addition, the “wealth gap” between rich and poor has vastly increased. This again illustrates how actions such as the one announced last month have nothing to do with helping the little guy get back on his feet, and everything to do with the concentration of financial power into fewer hands.

As George Washington’s Blog points out:

This is just another bailout for the big banks. (If the government had instead given money directly to the consumer, we would be out of this economic slump by now.)

Bernanke claims that the main justification for QE3 is to boost employment. This is slightly ironic, since Bernanke’s policies are largely responsible for creating high unemployment in the first place. The real justification is to try to artificially prop up asset prices. But that approach has been proven to be an absolute failure.

Indeed, the Federal Reserve admits that its new program will do little to alleviate the suffering of jobless Americans...

“I want to be clear — while I think we can make a meaningful and significant contribution to reducing this problem, we can’t solve it. We don’t have tools that are strong enough to solve the unemployment problem,” Bernanke said at the time of the announcement.

The economy is being destroyed by design so that the banking cartel called the Federal Reserve can exploit the fear and chaos caused by the collapse in order to centralize power and control. (This can also be seen over in Europe, where Jose Manuel Barroso is exploiting the crisis in a bid to turn the EU into a “federation.”)

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Bernanke’s latest move is merely a continuation of the engineered takeover of the U.S. economy by the elitist bankers for the elitist bankers.

From my perspective, this looks to me like the final chapter in America’s fiat currency debacle.

Some say that the government financial mandate on January 1, 2013 — also known as the Fiscal Cliff — will see Congress make drastic spending cuts to our budget while adding massive tax increases across the board.

One noted economist, John Maudlin, still believes Congress can get this done in the first six months of next year and that the country can be saved. But even Mr. Maudlin says that if Congress cannot do what needs to be done in the first six months of 2013, then he becomes a major pessimist and sees horrible consequences for the country.

As a pragmatic optimist, I find it difficult to believe that deeply divided politicians can get anything done at this point, let alone massive tax increases and spending cuts across the board. We are talking massive cuts to government spending that would piss off half the country and massive tax increases that would affect every American, not just the rich.

As some examples, the country would need to see income taxes rise substantially up to 50% of our incomes. In addition, there would have to be a 14% VAT tax on everything you purchase in addition to the taxes we already pay such as state and city taxes. And while that is going on we would have to see massive cuts to military, Medicare, Medicaid, and just about every government program that exists.

Could this realistically happen in our politically charged environment?

And would the elitist bankers who have a much different agenda than Americans even allow it to happen?

I totally understand that if we don’t, our country goes into a death spiral...

In my opinion, the time to deal with our structural deficits has long passed.

The death bed repentance scenario that Congress will finally take our medicine as we are about to die is admirable to some degree, but just a hollow and contrived event that will only add to the coming chaos.

As investors, you must take a position to defend yourself against the coming collapse of our fiat currency called the dollar.

The only way to do this is to own another form of safe currency other than dollars.

The best alternative currency is physical ownership of precious metals, coins and bars.

Most of the other paper currencies throughout the world are fiat currencies as well, and will not fare much better than the dollar — particularly the euro and the yen.

Some countries' fiat currencies will be better than most, such as commodity-based currencies like the Canadian dollar or Australian dollar, but even these currencies will not perform better than physical ownership of precious metals.

Aside from that, you all know my position on being prepared as the world deals head-on with the staggering debts of fiscal irresponsibility, derivative investing stupidity, and the banking cartel power grab.

The time to act was yesterday.

Consider every week you still get to prepare from here on out as a huge bonus.

Greg McCoach
Analyst, Wealth Daily
Investment Director, Mining Speculator

Global Deflation

The junior mining share market has been hit to the downside yet again — this time by the implacable forces of global deflation.

This has the Fed and other central banks in an absolute panic as markets worldwide begin to react to the further decreases in asset values such as stocks, commodities, and real estate...

Richard Russell weighed in on this topic after Bernanke’s speech on June 21, 2012:

This is really the primary bear trend that I've been writing about. It's the result of a fundamental change in the world markets. Suddenly, within the space of a few years, Asia has entered the global economy.

The world is now producing far more goods (and more competitively) than ever before. I think deep in his heart, Bernanke knows and understands this. As a result, he does not want to use all the possible anti-deflation ammunition that the Fed can muster.

The reason — it is dawning on Bernanke that the Fed cannot defeat the powers of deflation and the primary bear trend.

The result is that the sinking economy is actually producing signals ahead of the Fed, and Bernanke knows it, but cannot talk about it — it's too frightening. Now Bernanke is playing for time. He's hoping that somehow, some way, the US economy will not get worse and that it might even improve slightly.

Bernanke is worrying about the Fed's bulging balance sheet. It's so huge, how will he ever contract it?

In the meantime, the stock market is more puzzled than ever. With uncertainty looming large, the market backs off. It is giving up on QE3. In the absence of QE3 the market does what it always does to protect itself — it backs off.

Deflation brings terror to the banksters because they know the system can’t handle it — thus the comments from Ben "the Liar" Bernanke over the years that they will drop money out of helicopters if needed to avoid such a scenario.

But that failed thinking developed because the Fed actually thought they could control things with the wand of their superior intelligence (NOT!).

When we can look back in retrospect ten years from now, the likes of Alan Greenspan, Ben Bernanke, and their worldwide central bank Keynesian counterparts of the last 40 years will be so despised by the public, they'll be running for their lives.

They are finding out right now that they can’t control things as they would have everyone believe. The “CONSEQUENCES EVENT” that is now hanging over the global financial system is simply too big for anyone to deal with.

This unprecedented event in world history will cause currencies and governments to collapse. It is going to cause terrible problems worldwide. No country will be untouched.

Ultimately, what they will now have to do as they come face to face with the consequences they created is hyperinflate to infinity in one last desperate act of insanity.

This fiat currency/central bank nightmarish playbook has been run many times before throughout history, and the end result is always the same: inflationary panic and disaster.

And those are just the Fed’s problems...

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The crisis in Europe and its associated derivative liability is now clearly beyond anything anyone could have imagined.

With the Fed issues and the debt problems in the United States, Europe is beginning to realize it's on its own. If there is such a thing as a European solution (which I highly doubt), it will have to come from within Europe itself.

Several hedge fund managers I recently spoke with at conferences I attended in Geneva and Zurich, Switzerland, are absolutely appalled by what they see in Europe...

One prominent gentleman shared with me his opinion that he saw 0% chance of the Eurozone surviving. He said the world leaders are walking around with a gigantic pink elephant in the room, and they are all pretending it doesn’t exist.

Why do we give them respect with the term “leaders” when all they really are is a bunch of power-seeking jackals looking after their own interests?

What the world really needs are some true leaders with real principals — not these liar, chameleon-like political types parading around as bloated parasites.

A true leader would have to stand up against the banksters with the support of the people.

Alas, that can’t happen because 80% of the people don’t even know who the real enemies are and what a true leader would look like...

So it looks like things are going to get much worse.

Expect anyone with the ability to create money out of thin air to do so with reckless abandon as one consequence after another must be dealt with.

This will be the moment for the physical precious metals and the quality junior mining shares.

The biggest gains in our sector are still in front of us, not behind us.

These gains will be for those who had the stamina to hang tough when everything inside screams to let go.

For now, it looks like our share prices could recede even further from where they currently trade...

But they will begin to rebound once QE3 (or whatever they decide to call it) shows up with a vengeance.

Unfortunately, the world is going to be in a real pickle for quite some time as things get sorted out, thus my ranting about preparedness.

As the saying goes, only the strong survive.

The strong will be holders of the precious metals and quality mining shares — along with items that can help you survive difficult and tumultuous times.

Until next time,

Greg McCoach

Greg is one of the leaders in the mining and precious metals industry. His years of business experience and extensive insight as an entrepreneur makes him a wealth of knowledge in the precious metals markets as a bullion dealer, investor and writer. He's the man behind The Mining Speculator and he also launched the highly successful precious metals service known as Greg McCoach's Insider Alert. Greg is President of AmeriGold, a gold bullion dealer and also a weekly columnist for Wealth Daily. Take a look at Greg's incredible gains he's had in recent years at his editor's page.

Banking and Monetary System

It governs everything we do...

And yet 95% of the population is totally in the dark regarding this topic.

I am talking about the complete and criminal hijacking of our country and money by a very small but extremely powerful group of men: the elitist bankers.

Few understand how our system works — or how the original system given to us by our Founding Fathers has already been circumvented.

Henry Ford understood what happened to us and proclaimed the following statement many years ago when the biggest parts of the hijacking occurred:

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

I have written about this topic in generic terms over the years, but today I hope to help you tie all the pieces together so that you can understand how this happened — and what to do about it.

The beginning of the end really started with legislation after the Civil War.

But the two biggest events occurred with the founding of the Federal Reserve in 1913 — and how elected officials bankrupted the country and gutted us just two decades later, in 1933.

Listen to what Woodrow Wilson had to say about his signing of the Federal Reserve in 1913...

He admitted that when he signed it, he didn't even understand what it was.

He was told to sign it by those he trusted... but when he found out months later what he had done, he had great anguish over it when he exclaimed:

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

The implementation of a central bank in the United States had been attempted many times by powerful bankers who were looking to gain control of this great country.

Look at some of the quotes from great Americans who did all they could to prevent this from happening...

Andrew Jackson, President (1829-1837)

Strongly opposed to a central bank, Jackson stated it exposed the government to control by foreign interests.

Upon assuming office, he called a delegation of bankers into the White House and told them:

"You are a den of vipers and thieves! I intend to rout you out, and by the grace of the Eternal God, will rout you out!"

Jackson accomplished his task. He dissolved the Second National Bank of America. Soon afterwards, in 1835, there was an attempt on his life. The would-be assassin's gun jammed; he pulled a second gun, and it jammed as well.

Abraham Lincoln, President (1861-1865) had plunged this nation into war and heavy debt. To prevent the bankers from taking over a country in debt, he issued debt-free currency called greenbacks — and beat the bankers in doing so.

In a letter to Col. William F. Elkins dated Nov. 21, 1864, Lincoln writes:

"As a result of war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war. God grant that my suspicions may prove groundless."

The 16th president was assassinated in the spring of 1865.

James Garfield, President (1881) was shot by an assailant shortly after taking office and died of complications months later.

Shortly before his assassination, Garfield declared:

"Whoever controls the volume of money in any country is absolute master of all industry and commerce."

William McKinley, President (1901)

Elected in 1896 on a platform advocating a protective tariff and the gold standard, McKinley too was assassinated.

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In the end, the bankers got their way — and the only president who tried to fight against this great evil since was John F. Kennedy. All the rest have been puppets of the banksters.

John F. Kennedy, President (1961-1963)

On June 4, 1963, Kennedy issued an executive order (#11110) to issue debt-free currency backed by silver reserves held by the government. This essentially was negating the power of the Federal Reserve.

It is widely reported that he made the following comment to a Columbia University class on November 12, 1963:

"The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizen of this plight."

JFK was fatally shot in Dallas ten days later.

More Quotes

"Banking was conceived in iniquity and was born of sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen, they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits." — Sir Josiah Stamp, British civil servant, economist, and banker; Director of the Bank of England

"We shall have World Government, whether or not we like it. The only question is whether the World Government will be achieved by conquest or consent." — James Paul Warburg, prominent mid-20th century banker behind the creation of the Federal Reserve

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance." — James Madison, fourth President of the United States

"I care not what puppet is placed on the throne of England to rule the Empire... The man that controls Britain's money supply controls the British Empire. And I control the money supply." — Baron Nathan Mayer Rothschild of the Rothschild International Banking Cartel

I recently sat for an interview regarding this topic with CEO Bill Heid of Solutions from Science and Off the Grid Radio.

The purpose of the interview was to introduce a book I am challenging all to read if you want to know the truth of what happened to our country.

The book — called They Own It All, (Including You) by Ronald Mac Donald and Robert Rowen, M.D. — is written in layman's terms and can easily be read within a couple of days.

In my opinion, this is a must-read for all citizens to understand the truth of what has happened and what is happening to us right now.

It helps you further understand how these powerful individual bankster elite own and control our politicians and mainstream media.

We need to stop fighting amongst ourselves — and come together as a people to fight our common enemy: this elitist banker scum, who desire now to have their new world order.

They already own England, Europe, and the United States...

Now they want a one-world currency to control it all.

I promise you if you read this book, you will not be disappointed.

I don't want to say anymore than that — but I will tell you the first five people I recommended it to came back with the same basic sentiment: "Wow, thanks for sharing this with me. I can't believe I didn't understand this before. You have to give these bankers credit for their masterful plan that has been implemented on their behalf without the people knowing."

You will learn about what happened in 1933 when our country was changed from the Common Law given to us by our Founding Fathers to Commercial Law, which we now abide under.

Take the time to read this book.

It will make you boiling mad... but you will be glad you can now see clearly, something that will only make you a better investor — and a better citizen.

Until next time,

Greg McCoach

Protecting Yourself in a Global Crisis

Today we continue with Part III of my series on "Being Prepared" (if you missed Part I or Part II, you can read those now).

I want to jump right back into my Items to Consider, so without further ado...

7. Know how to protect yourself. This almost certainly means owning a firearm and knowing how to use it to protect yourself or others.

Many TV survival documentaries show people who feel they can defend themselves with knives or clubs, but in reality, they are going to lose 98% of the time against someone else with a firearm. Someone that has been specifically trained on how to use firearms in a defensive manner will almost always win the day in a gun battle.

You can’t just own a gun; you have to know how to use it at a very high level. You also need to know how to clean your weapons and take care of them. Access to a gunsmith may or may not be available to you during an emergency situation...

Some people think they cannot use a firearm against another person, but this feeling changes abruptly when they see one of their family members at risk. Some people still cannot use a firearm in any circumstance, and these people should consider some form of self-defense such as the non-lethal devices (stun batons, pepper sprays, TASERS, even baseball bats).

People can feel that everyone will come together and rebuild society, and many good people will — but there are plenty of bad people in this world. And it may come down to you or them.

Everyone needs to practice over and over with any self-defense armament they have so there is no hesitation when it comes to saving one’s life from someone that is willing to take yours or your loved ones'.

For a handgun, I recommend a 45-caliber for men and a 9MM for women. Most women find the kick of a 45-caliber handgun too much to handle when shooting and are more comfortable with a 9 MM. Colt, Smith and Wesson, H&K, Sig Sauer are some of the best name brands in handguns to consider if you don’t already own a handgun and need to purchase one.

A 45-caliber handgun has more stopping power than a 9 MM, but any well-placed shot with any type of gun can mean game over for an intruder or attacker with mal intent.

Some other types of guns to consider are a good defensive shotgun (12 gauge) with large-size buckshot and a long-range rifle with a quality scope.

If you are not familiar with guns, it is best to find a friend who is who can help you through the process of buying handguns, shotguns, or rifles.

Once you have the guns you want, it then becomes necessary to know how to safely use those guns without hesitation if needed. If you are not familiar with the handling of guns I highly recommend you find someone that can properly train you in a safe environment.

I have sent my entire family to what I consider the best gun training that exists on planet earth for civilians. The name of the place is called Front Sight and is located an hour outside of Las Vegas, Nevada. More on them at www.frontsight.com.

If that is too far to travel, there are plenty of other training facilities around the country you can find with a local search on the Internet.

For those who live in Canada...

From what I understand, it is illegal to own handguns in Canada — but not hunting rifles.

I recommend getting familiar with the process of obtaining any kind of weapons the Canadian government will allow citizens to own for hunting purposes or self-defense.

Unfortunately, the "bad guys" always have illegal guns — even in Canada. So it is in your best interest to go through whatever permitting or paperwork hassles necessary to obtain legal weapons of any kind in your own country.

8. Have a way to cook food in case the power is off. A story below from someone who experienced an earthquake serves as a great reminder why we want to have the ability to cook our own food during a crisis...

A few years ago, I remember people waiting in long food lines after the San Fernando earthquake hit California. Many of the people in the damage zone spent hours in breakfast lines, then long lines for lunch, then a repeat for dinner.

They had to spend many hours a day in food lines because either they had no food reserves or had no means of cooking their stored food.

A little preparation can go a long way in preparing for emergencies. Had these good people stored a little food, fuel, and invested in a good quality Dutch oven, they would be set for cooking in their backyard instead of relying on Federal troops to supply their family's nutrition.

Good quality Dutch ovens are fun to use, the food always tastes great, and they're invaluable in emergencies. They require charcoal to prepare your food.

Another option is a Volcano cook stove, which also uses charcoal — but saves two-thirds of the amount normally needed when cooking with Dutch ovens. Charcoal is safe and easy to store, eliminating the need to store dangerous liquid fuels for emergency cooking.

Most good Dutch oven cooks choose Kingsford brand charcoal because of the consistency of the product. If it takes 15 briquettes to cook a chicken once, it will likely take 15 the next time.

9. Understand the psychology of desperate people. This is a difficult one.

After a SHTF (Sh*t Hits The Fan) event, people will not behave normally. That neighbor who was in control during many minor emergencies may be the one pounding on your door with whacked-out eyes demanding what you have because they did not prepare for anything. Someone in your own survival group may just blank out in a zombie-like stare.

Unexpected times bring out the best and worst in people — and you need to prepare for this possibility.

You yourself could lose it. Again, preparing for this will help should it occur. You always hope that disasters will bring out the best in your fellow human beings, but often this is not the case.

10. Maintain proper hygiene. This is one of the top priorities within the armed forces because disease and sickness can and do take down the toughest of soldiers.

People must realize that after a terrible disaster, it is not like someone going camping, comes back dirty, and taking a nice long shower or a hot bath...

After a SHTF event the water to the faucets, as well the hot water heater, may not work. Bathing on at least a semi-regular basis is necessary to avoid all sorts of bacteria from building up on the skin and causing a variety of concerning ailments that will then have to be treated.

People should plan on how they will keep themselves clean — think sponge baths or using personal wipes as an option.

11. How to dispose of waste and proper sanitation. In third world countries and the pre-flush toilet era, one of the leading causes of illness and death was (and still is) improperly discarded waste. If the toilets won’t flush because there is no water to make them work, human waste is going to be a huge whopping problem for people trying to survive. Even improperly burying human excrement can lead to disease. Portable toilets, toilet paper, and disinfectant (bleach, for one) should be one of the top items in any survival kit.

Disposal of other trash is an issue that can bring hungry dangerous animals around drawn to the stench. Burning of trash is one method; plastic trash bags and the means to find some place to dump them is another alternative.

12. Learn to control pests and other vermin. This is a problem that led to about half of Europe dying several hundred years ago with the Black Death. Fleas and ticks carry some terrible diseases. Even people that stay inside their own homes will have to deal with this problem. People outside will have to contend with the fleas, ticks, flies, mosquitoes, mice, rats, and so on...

There are many repellents in nature that can help: citronella, even the smell of garlic will repel most vermin. Stocking up on insect and other commercial repellents is always an excellent idea. It only takes one bite to make a person deathly sick.

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13. Understand radiation fallout and how to protect yourself. This is one of the least understood of the survival precautions taken. There are hundreds of nuclear power plants that could fail after the world as we know it goes down the tube. There are still tens of thousands of nuclear weapons available for war should countries decide to use them. Fallout is something that you might not even see... and until you are sick, you might not even know you have been contaminated. The purchase of a radiation detector that is protected against EMP is a wise idea. Understanding about radiation accumulation dosage (rad) and how to shield oneself from exposure is paramount.

14. Learn first aid. Treating yourself and/or others will probably be the only thing someone can do, as medical professionals are going to be few and far between. Many places offer free classes on first aid because they want people in the community to be prepared. A good first aid book along with a first aid kit is something every household should have before, during, and after a disaster.

Primitive conditions should be expected when anyone is helping someone after a catastrophe. A stockpile of antibiotics is always a good idea. Even acquiring the skill of making your own antibiotics can save lives as infection is something that will become an epidemic, especially with minor cuts and abrasions.

My family has gone as far as being trained to stitch up wounds. We decided as a family that we would learn this skill in case anyone we knew was in need. We have purchased the sterile suture kits and could stitch small to medium size wounds as good as any doctor at this point. We have been trained by medical professionals on a whole assortment of skills — from putting an IV in someone’s arm to treating major trauma. This also requires having the right supplies and equipment.

From my viewpoint, this is a skill set that is valuable in any circumstance — but particularly in SHTF events when medical personnel may not be available in a convenient time frame.

15. Learn about nutrition. Vitamin and mineral deficiencies are nothing to fool around with. Just consider what scurvy, the lack of Vitamin C, can do to someone...

Many survivalists and "preppers" make the critical mistake of only being concerned about calories to keep them going. Certain vitamins (A, B1-B12, C, D, E, K), minerals (Calcium, Copper, Iodine, Iron, Magnesium, Manganese, Phosphorus, Potassium, Selenium, Zinc) and trace minerals are necessary to keep a body going.

Each person needs different amounts and any survival food supply should take this need as important as the food itself. Many survival foods have some of what your body needs, but sadly lack in others...

Vitamin and mineral supplements should be stocked with food if someone is unsure about what they are getting. Trace mineral drops are a liquid that can solve this problem, and are a good addition to any emergency supply.

16. How to start and maintain a fire. This is for everyone. Having a fire and keeping it going when you need it has been the essence of survival for thousands of years.

Fire cooks, heats water, keeps you warm, sterilizes items, and gives light. Having a lighter, matches, and a starter is one thing; but actually keeping the fire going is another...

Making sure the fire does not cause damage to your home or shelter is something not everyone thinks about. Burning of toxic wood or other material is something to remember as well.

While most everyone thinks that using a fire is rudimentary, there is much more to it. As a matter of fact, a church group recently tested some of their members and gave them matches to start a file. Most of the people had trouble starting a basic fire even though they had matches. This is a skill that you must acquire that allows you to consistently start a fire anywhere at any time. You should also learn to start a fire without matches. There are several books listed at the end of this report that can show you how this is done.

17. Learn how to grow food and/or find it. People’s supplies will only last so long, and eventually self-sufficiency will mean acquiring your own food — by either growing it or hunting for it.

Many people are into seed storing, and in many cases, growing your own food will feed the family. However, growing food has many drawbacks that people need to look at. Water is an issue in dry areas as irrigation is very man- or animal-power intensive.

One of the gravest things to contemplate is actually guarding your yield, as two-legged problems could be a bigger issue to your crops than some beetle infestation. Hungry people will see food growing and take it, 24 hours a day. No one can grow enough food to feed all those seeking food.

From a practical sense, it might be a better idea for some to go the hunter-gathering route. There are many good survival shows on television today that are very informative on surviving off the land.

Learning these skill sets can make a huge difference in any survival situation.

18. Last-minute items to secure from a grocery store. Hopefully you already have your long-term food storage and other preparations in place: canned goods, grains, rice, pasta, paper products, and freeze-dried foods that store well over time...

This should allow you to concentrate on these other items while most other people are trying to secure what you already have.

Once a SHTF event occurs, you may want to quickly go to the grocery store to secure these last-minute items before the shelves are empty. These are typically items that don’t store well for the long-term, but would be critical to own once a breakdown occurs.

Studies have shown these short-term storage items go first when a crisis happens. Most of these products have a shelf life of less than 18 months:

Bottled Water
Powdered Milk
Pancake mix (never use beyond shelf life, as this has been known to cause toxic shock)
Ramen Noodles
Popcorn
Cereal
Beef Jerky
Cooking Oils
Nuts
Dried Fruits
Power Bars
Juice Powders
Spices (salt, pepper, etc.)
Honey
Crackers
Baking Essentials (flour, sugar, baking soda, baking powder)
Coffee
Alcohol for medicinal purposes or for bartering
Hard Candies
Baby Food, Diapers, Wipes
Pet Food

These are just some suggestions that people need to address now — before trying to survive the aftermath of a horrible event.

People who prepare have to realize that when civilization stops functioning, so too does everything that most of us depend on.

There may never be a safety net there for us WHEN our stocked-up survival supplies run dry.

Much of survival is having supplies — as well as backups for when food, water, and other necessities cannot be found. The other part is being ready for everything our new situation could throw our way. For this, we all need to learn survival skills.

When someone thinks about their personal needs, an individual can probably add many more survival skills to the items we have talked about above. You want to become quite proficient in these skills before the SHTF so you and your family have a better chance of surviving.

Doomsday Prepper Shows

Lately I have been entertained by the recent “Doomsday Prepper” shows on television that portray the preparations of people who are concerned about various potentially life-threatening scenarios.

In most of these cases, while many have made some great preparations in some instances, they are woefully unprepared in other key circumstances...

In one case, there was a lady who was obviously very prepared with food, but wanted nothing to do with other important preparations such as protection. Here she is on national television telling the world where she is and all about her food preparations. She has absolutely no protection and won’t even consider it.

In my opinion, she clearly does not understand how many unwanted people are going to come for her food when a major crisis hits. Some of those people will probably not even think twice about killing her to obtain it.

If you have not yet watched any of these shows, they can give you some ideas for your own preparations.

Good Sources of Information or Books on these Topics

Strategic Relocation by Joel Skousen Swift | Learning Resources 1800 292-4746. This very informative book is a great guide in locating the safest places in North America. It takes into account many factors in evaluating why some places are better than others when trying to find the best safe havens closest to your current location.

Food Storage Guide by Survival Products, LLC | http://OnlineSupportSolutions.com. A very good guide for beginners on how to successfully build food storage.

Water Storage Guide by Survival Products, LLC | http://OnlineSupportSolutions.com. An informative guide on how to successfully store and treat water for safe drinking over the long term.

Survival Garden Guide by Survival Products, LLC | http://OnlineSupportSolutions.com. A comprehensive guide on how to start and maintain a survival garden.

Picking up the Pieces by Sorcha Faal and David Booth. This book is a practical guide for surviving economic crashes, internal unrest, and military suppression. The authors have experienced war, tyranny, and extremely dangerous situations, and live to tell about them in this book. They have compiled some great information that offers readers knowledge and insight into the best ways to prepare and survive:

How do you function in an underground economy?
What are the advantages of having multiple sets of identification papers for yourself and your family BEFORE the onset of events happens?

The Complete Worst Case Scenario Survival Handbook by Joshua Piven and David Borgenicht. The most essential scenarios from all eleven Worst Case Survival Handbooks are collected in this sturdy reference volume: a guide on how to survive all kinds of unusual circumstances.

The Complete Worst Case Scenario Survival Handbook – Man Skills. Being prepared is the key to mastering any situation, and this book offers over 500 pages of the most essential survival scenarios from the entire Worst Case Survival Handbook series.

Special Forces Survival Guide by Chris McNab. The book encompasses wilderness survival skills from the world’s most elite military units.

The Survivors Club by Ben Sherwood. This New York Times Bestseller offers readers the secrets of the world’s most successful survivors.

What do they know that you don’t? Each second of every day, one of us faces a crisis, whether it’s a car accident, violent crime, serious illness, or financial trouble... Who beats the odds and who surrenders? And how can we become the kind of people who survive and thrive?

Ominous Parallels by Leonard Peikoff with introduction by Ayn Rand. A brilliant study on America today and the “ominous parallels” with the chaos of pre-Hitler Germany. In this book, you'll learn why America has been detoured from its original path and led down the same road that Germany followed to Nazism.

Patriots, Surviving the Coming Collapse by James Wesley Rawles. U.S. Army Intelligence Officer James Wesley Rawles has written an intensely powerful novel that is more like a survival manual dressed in fiction. In his book, Rawles doesn’t just tell you what could happen; he explains exactly how to prepare for it. This book is a real page-turner because it is so grounded in what could happen.

Summary

I hope this discussion on being prepared has been of some value to you, no matter how you feel about the potential for problems in our future.

For me, it has become a way of life — as my beliefs are very strong that a catastrophic financial derivative event is looming in our near future.

Since our junior mining shares are suffering at the moment, I thought the timing would be good to focus on the topic of preparedness while we await the next run to higher ground...

When you start to see bank runs and long lines at the banks as we are seeing in multiple countries in Europe right now, this is a sign the endgame is near.

A recent article by a major fund manager from London who previously sold derivatives to Europe while working for Goldman Suks stated his opinion that the endgame for the derivatives is end of this year or early next year.

No matter how you slice it, things worldwide are getting very strange very quickly.

The time to prepare was yesterday, but you still have time to get whatever preparations you can in place while prices remain reasonable and availability exists. This can all change quite suddenly, however, as I hope I have amply demonstrated this week in my articles.

I end with a quote from one of my favorite authors, Ayn Rand:

“Man's mind is his basic tool of survival.”

Greg McCoach
Analyst, Wealth Daily
Investment Director, Mining Speculator

Global Police State

Editor's Note: Here you can find Part I of Greg's three-part series on "Being Prepared."

I personally witnessed what can happen within a very short period of time when food is no longer available to the public.

I was in my early twenties, living in Paris, France.

Because of an extended truckers' strike, the food stores were cleared out within 24 hours of the announcement. Within five days, normally law-abiding citizens took to the streets and began threatening anyone who had food...

Those with no food quickly crossed the line of sanity and started desperately looking to take food from those who had it by any means necessary.

These events were never properly covered by the news media (what a surprise!), but I saw firsthand how uncivilized a so-called "modern country" can become within a matter of days because of a lack of food.

If I had not witnessed this myself, I probably would not believe this could happen so easily.

And even as a strong young man, I found myself quite frightened at times before the trucks started rolling again.

That particular truckers' strike lasted three weeks — but it left me with a lasting impression.

The following are Items to Consider that I feel are prudent as you make your own preparations based on the problems that could potentially threaten our way of life.

Each of the items below could fill a book... but my intent is to at least get you thinking about the most important things related to being prepared.

1. Should I stay or should I go?

Many have already decided where they will go if and when any such disaster occurs. One of the questions I get more than any other regarding this topic is: Should I stay in the United States or leave to another country?

Personally, I know many who have already left the United States — and they have never looked back. I have been invited to their retreats in Costa Rica, Panama, Argentina, and the Caribbean Islands, and they seem very happy with their decision to leave.

This is a huge decision. My hope is that the following discussion may be of some help when thinking about this topic.

Because I travel internationally so much in my search for quality mining assets, I often compare notes on my trips with other folks (geologists, newsletter writers, etc.) about their travels...

One of the realizations you see firsthand as you travel extensively worldwide is the extreme wealth, extreme poverty, and extreme corruption that exists in all of its world flavors.

If you think the United States is corrupt, you should try going to Peru, or Bolivia, or Panama. And if you think those countries are corrupt, you haven’t see anything compared to Russia, Haiti, India, or some places in Africa...

The fact is corruption and the growing global police state is EVERYWHERE!

So while we certainly see much to complain about in the United States, which is definitely going the wrong way fast, from what I have seen in most other places on the planet, the U.S. is still less corrupt than most. There are bad apples everywhere throughout politics, local police, FBI agents, and most certainly the court system — but for every bad apple, there are probably three times as many honorable people who are truly just trying to do their jobs.

Leaving the country is a decision you must make before the event takes place due to the sheer amount of time and effort it takes to accomplish such a task.

You must also think about being away from family and friends who don’t share your enthusiasm to leave the country and what affect that could have on everyone over time.

For most, I think it’s probably best to just hunker down in your own country (U.S. or Canada) and prepare as much as you can. If you can afford a retreat cabin somewhere far away from the big cities, that would probably be best — but again, you still need to get there once the event occurs.

Studies have clearly shown that once a SHTF (Sh*t Hits The Fan) event occurs, you have two to three days to get to where you ultimately want to hunker down. After that, travel becomes extremely dangerous and it is unlikely you will reach your final destination.

Highways will become kill zones targeted by the bad guys. To a gang of armed looters who forgot to prepare or plan ahead before the event, there is not a better target than an RV loaded down with stored food, ammo, and gold.

Don’t be foolish and attempt travel once things have gone south: If you need to get somewhere, plan to leave the moment the event happens and arrive where you want to be within 72 hours.

This may require several false starts (meaning the situation looked bad at first, but didn’t materialize, and you need to return home) on your part as events start to unfold. But it's better to be safe than sorry if you are planning to get somewhere when an event happens.

Military strategists know from historical accounts of what happens when governments fail or when SHTF events affect a country: The rule of thumb is that roads are to be avoided at all costs.

If you cannot afford a retreat cabin of some sort, there are things you can do to hunker down in your own home...

First, you need to stock up and find a way to defend it. Like-minded friends and neighbors can be a huge support network — as long as they have prepared as well.

There is a great book (it's not well-edited, but has solid content) on how to live in your home and defend it called Holding Your Ground: Preparing for Defense if it All Falls Apart by Joe Nobody, which in itself is a lesson in laying low.

This book isn’t about turning your home into a concrete bunker armed to the teeth; it's more about using cosmetic deception to fool would-be marauders into thinking your place has already been hit. It includes plenty of clever techniques that go far beyond "shooting back."

Ultimately, everyone must decide for themselves based on finances, family concerns, and individual preferences what he can or cannot do in his preparations.

Hopefully, this discussion will help you make the best choices for what is in your best interest.

The Best Free Investment You'll Ever Make

2. Hope for the best, but prepare for the worst.

This is a good motto to live by, despite how you think about things.

Individuals can still hope for the best (that things can and will eventually work out), but what good is your prosperity going to do if you don’t have anything to eat or a safe place to hang out for an extended period of time?

Why not prepare while you still can — when things are readily available and can still be purchased at cheap prices? The coming hyper-inflation will make any such purchases beforehand look very intelligent...

To prepare for the worst, you need a plan. Why are most people so against doing basic preparations that could be the difference on how they survive — or whether they survive?

History shows time and again that those who prepare always fare better than those who did not. Having a plan and being determined to act on that plan will always be the best way to handle any contingencies, should they occur.

After disaster strikes, your mind is going to be racing around like a car on a race track. Pre-planning and having a written set of measures to take will make someone’s life go much smoother when the SHTF.

Your own personal plan is ONLY what best fits what you are going to do during and after a disaster.

People should also have back-up plans — Plans B and C, at least — because nothing ever seems to go as planned. Haphazard approaches to the aftermaths of catastrophes are kind of like a chicken running around without its head.

3. Prepare 72-hour "bug-out" bags.

This is an easy, cost-effective preparation that makes a ton of sense — no matter what happens. Even a small preparation like this can have an enormous impact on how you survive the first few days after any type of catastrophic event.

I’ll bet there were a lot of people after Hurricane Katrina that would have loved to have such a bag for each member of their family...

This could be a backpack or bag of some sort for each family member that contains all the items that individual may need during the first 72 hours after a disaster strikes.

Items to include in such a bag would be toiletries, important papers (see below), change of underwear and clothes, some bottled water, snacks, a few bags of freeze-dried food that only require two cups of hot water to reconstitute within self-contained bag, water purification device, metal cup and small pot for boiling water, backpacker mini-cook stove with fuel, sleeping bag, towel, ability to make fire, flashlight with extra batteries, glow sticks, ground cloth, tarp, rain gear, plastic forks, knives, spoons, parachute cord, personal cleaning wipes, a first aid kit and medication, good sharp knife and a multi-tool, fishing line, small fishing hooks, compass, cash, physical gold and silver, map of areas you may need, and any other items that would make sense for you.

Special items required by the elderly, babies, and pets need to be considered as well.

Important paperwork you should bring with you includes: birth certificates, insurance policies, passports, medical records, pet medical records, bank account information, deeds and titles to cars, homes etc., computer backup.

Gather these and put them in a suitable container and wrap in plastic against the elements.

Having such preparations after a tornado, hurricane, or any calamity would allow you to grab and go because it’s already prepared.

Each member of my family has such a bag. I keep each one of them in the basement of our house in a heavy-duty large trash bag for protection against the elements.

4. Understand what “just in time inventory” is — and how this can affect you.

Most Americans take for granted the intricate systems that make it possible for us to engage in seemingly mundane day-to-day tasks like filling up our gas tanks, loading up our shopping carts at the local grocery store, obtaining necessary medications, and even pouring ourselves a clean glass of water...

When we wake up each morning, we just expect that all of these things will work today the same way they worked yesterday.

What very few people have considered is the complexity involved in the underlying infrastructure that allows goods, services, and commerce in America to flow. Fewer still have ever spent the time to contemplate the fragility of these systems or the consequences on food, water, health care, the financial system, and the economy if they are interrupted.

The truth is our "just in time" inventory and delivery systems leave us incredibly vulnerable to a nationwide disaster.

You see, it is very expensive to hold and store inventory, so most manufacturers and retailers rely on a continual flow of deliveries that are scheduled to arrive "just in time," which significantly reduces their operating expenses.

This is considered to be good business practice for manufacturers and retailers, but it also means that if there was a major nationwide transportation disruption, our economic system would grind to a halt almost immediately.

Once store shelves are picked clean, they would not be able to be replenished until trucks could get back on the road. In the event of a major nationwide disaster, that could be quite awhile.

A report prepared for legislators and business leaders by the American Trucking Associations highlights just how critical our "just in time" inventory and delivery systems are, and assesses the impact on the general population in the event of an emergency or incident of national significance that disrupts the truck transportation systems responsible for carrying some ten billion tons of commodities and supplies across the United States each year.

A shutdown of truck operations as a result of elevated threat levels, terrorist attacks, or pandemics would, according to the report, have "a swift and devastating impact on the food, healthcare, transportation, waste removal, retail, manufacturing, and financial sectors."

So too would events such as an EMP attack or a coordinated cyber-attack that could shut down global positioning systems and the computers responsible for inventory control.

Another potential scenario that is more likely now than ever before is liquidity problems within the financial system stemming from currency crisis or hyperinflation...

All of our "just in time" delivery systems are built upon the unhindered transfer of money and credit, but when credit flow becomes restricted or money becomes worthless, no one will be able to pay for their goods. Likewise, no one will trust the credit worthiness of anyone else.

This is exactly the scenario playing out in Greece right now and the consequences on the health care industry in that country have left many without life saving drugs. When there’s no money, no one will be transporting anything.

The effects of a transportation shutdown for any reason would be immediate (in some cases, within hours) and absolutely catastrophic.

While an event that disrupts truck transportation systems may seem unlikely to many, recent history suggests it is fully plausible — and the blowback can be devastating...

A day after Hurricane Katrina ravaged New Orleans, panicked government officials stopped all transportation flow into the region, forcing hundreds of trucks loaded with emergency supplies like food and water to wait for permission before they could enter the area.

As a result, thousands of residents of the city were left without items essential for survival. It took days before truck routes were re-opened and supplies were allowed to flow.

Government officials acting on limited information, lack of knowledge, and personal politics were responsible for restricting the flow of goods into New Orleans, potentially killing hundreds of people in the process.

What this incident demonstrated is that when the trucks in America stop, all commerce and delivery stops with it.

5. Educate yourself on and take measures to store food.

There is plenty of material available on the Internet about the best ways to store food. I personally have read many books on the topic, and one of the most important features is trying to gather materials that have a long shelf life and which keep their nutritional value...

Most store-bought items have very short shelf lives and don’t work well for long-term food storage. Canned goods can work, but these must be stored in a cool, dry environment well below room temperature for increased shelf life (but not freezing). Costco and Sam's Club are best for these types of purchases.

Freeze-dried food can also work, but can be rather expensive — and the taste can sometimes be questionable. (There are many different manufacturers, and you need to educate yourself before purchasing. I like tasting the items first before making any major purchases.)

Better yet is to store staples such as wheat, rice, beans, sugar, oats, etc. — which, if stored properly, can last up to 30 years.

I look at my food storage as an investment, and I want it to have a long life. There are various methods of storing these staples, and each person should consider what method would work best for their circumstances.

In my own search for getting food storage together, I have come across some great resources that may be able to help you as well...

One company that has many of the products I ended up buying is Grandma's Country Foods located in Salt Lake City. They have a wide assortment of items related to preparedness and their pricing is excellent. The product they are most famous for is their powdered milk. I have tried at least a dozen different powdered milk products, and this is the only one my kids and I can actually drink.

They also have 45-pound containers of white or red winter wheat, which is ideal for long-term storage. You then, of course, have to have a way of grinding this wheat to make flour, but you get the idea...

Some other items that I have tried from Grandma's Country Foods that I really like are their canned real butter (long shelf life) and dehydrated foods, which taste better than others I've bought.

(Another good source for good tasting freeze-dried foods is Mountain House. An Internet search will give you multiple sources for obtaining Mountain House products.)

6. Obtain water and purify it.

In my search for "safe drinking water," I found what I consider the best available situation on the planet...

The Lifesaver water bottle uses the latest technology to provide clean, pure drinking water. I have spent a lot of time searching the best way to purifying water, and in my opinion, there's nothing better.

Also under the water category, it is wise to consider some form of water storage — whether it's five-gallon containers, 55-gallon plastic drums, or some other form of storage, all of which can be obtained from many different sources.

The bottom line in water preparedness is to always have a safe source(s) of clean drinking water and a way to store it.

To most this may sound absurd, since you can get clean drinking water from the tap in your home, but in times of emergency and/or civil unrest, the water may be shut off — or you may be displaced from your home and will need a way to access clean water.

This leads to the discussion of having a stocked-up safe haven place with two sources of water that is far away from a major city in case of a SHTF event.

This is one of the most rehashed subjects of survival, but probably the most important one.

Most people just assume the taps will continue to flow and water will be there.

People need to know that unless water is from a spring, it will likely need to be purified — and this means some reliable filters or boiling (which requires heat from a fire along with pots to boil it in).

Aside from drinking, water is also needed to rehydrate food, make milk from powder, and of course, for personal hygiene.

How much water will be needed and used is something that is often vastly underestimated.

Stay tuned,

Greg McCoach
Analyst, Wealth Daily
Investment Director, Mining Speculator

P.S. Greg's final installment of his series on "Being Prepared" can be found here.

Being Prepared

Nuclear warfare is not necessary to cause a breakdown of our society. You take a large city like Los Angeles, New York, Chicago — their water supply comes from hundreds of miles away and any interruption of that, or food, or power for any period of time you're going to have riots in the streets.

Our society is so fragile, so dependent on the interworking of things to provide us with the goods and services that you don't need nuclear warfare to fragment us anymore than the Romans needed it to cause their eventual downfall.

— Gene Roddenberry

While some may consider such a discussion a waste of time, more and more people are coming to the conclusion that preparations of some sort are warranted in our current troubled environment — on many fronts.

How much preparation individuals are willing to do is usually in direct correlation to their belief that something catastrophic could happen, making life as we know it a much more difficult task.

It is a proven fact throughout history that when disruptions of any kind occur, those who made even the smallest preparations typically fare much better than those who gave no thought at all in this regard.

Today I want to share with you a list I have compiled of the things that could potentially happen — and that threaten our way of life in a small or large degree.

There is no way to predict these things, but anyone with common sense can see that the possibility is likely we could experience one or more of these events at some point in the future...

Any single event or combination of events could cause terrible and debilitating circumstances for a short or long period of time:

Natural disasters such as hurricanes, floods, tornadoes, volcanic eruptions, solar flares, earthquakes, and other geophysical events
Possibility of wars, nuclear wars, nuclear reactor meltdowns, and radiation fallout
Financial meltdown (derivative, debt crisis, and/or bond implosion) causing currencies to implode and governments to topple
Problems with the exploration, delivery, or production of oil, the lifeblood of modern economies
Spread of disease such as the Black Plague or a bird flu pandemic
Power grid failure
Political anarchy or revolution
Racial strife or civil war
Electromagnetic pulse event

With any of these scenarios listed above (and there is a host of others I have probably not even thought about), you could have localized, national, or global unrest and even war for an indefinite period of time depending on the scope and duration of the event(s).

An item that is not on the list — but could be equally devastating to individual families — is the loss of a job.

Losing a job can be a catastrophic event if one is not properly prepared. Most families find themselves living paycheck to paycheck with little in the way of savings and almost nothing in the way of preparations.

For years, I had brought up the issue of preparedness to a close friend of mine.

When I first started talking about it, my friend and his wife basically blew me off... but I kept bringing the topic up.

Eventually they thought it prudent to at least get some sort of food storage together. Their family was accustomed to an upper middle class income and living comfortably in suburbia with their three children...

About a year after making their food preparations, the breadwinner of the family lost his job and ended up working a series of almost minimum wage jobs trying to make ends meet.

He kept applying for better-paying jobs in his field of expertise — but no matter how qualified he was nobody was interested in hiring someone at his previous salary level or his age (late fifties).

The family's lifestyle was devastated and they eventually lost their home...

In a recent conversation with this friend, he told me that without their food storage, things would have been immeasurably more difficult. He thanked me for being a good friend and pushing the issue when he and his wife weren’t listening.

The family is now living a greatly reduced lifestyle, but keeping their heads above water and continuing with their preparations.

I share this story because on an individual basis, there is a host of things that can happen in which being prepared could make a huge difference.

We often, as a people in general, terms take things for granted and think 'this' or 'that' will never happen to us. In addition to a major job loss due to a myriad of reasons, you could lose your health or the ability to do your job.

Unfortunately, things of this nature are happening to more and more people every day. In fact, I'm certain all of us have been affected to some degree by similar stories of friends and relatives.

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Our Current State of Affairs

The world in general seems afflicted on so many different fronts.

When you look at the list above, any rational person could easily see one or more of these scenarios occur within their lifetime.

Aside from the geophysical things that seem to be going haywire, and could be explained simply as the planet’s cycles, there are plenty of man-made catastrophes that loom on the horizon...

Never has the planet had as many people as it does now. With increased population numbers, there is increased pressure for resources.

This is a key point on why you want to stay invested in commodities of all kinds.

More countries seek nuclear devices than ever before and recent advancements in technology make this much easier than any time before in history.

Biological and chemical weapons are also much easier to manufacture — and are being stored by an increasing number of very scary countries.

Oil markets are tighter than ever as demand from countries like China and India increases, but new supply cannot keep up with the increasing demand.

The financial debacle of the world economies needs no introduction to my readers. In short, bad times — really bad times — for any number of reasons could and probably will be coming to a location near you.

Unless you and your family take this possibility quite seriously, if and when something does happen, you could very well find yourself in some extremely difficult circumstances...

Just look at the latest news coming out of Greece, as reported by Reuters below.

This is happening right now — and it’s only going to spread.

When the political and economic systems of entire nations collapse the consequences are devastating.

Earlier this year pharmacies and hospitals in Greece were unable to provide life saving medicines due to a shortages caused by a freeze in the flow of credit from manufacturers to distributors to patients. A collapse in the country’s economy has forced many Greeks to turn to black market barter economies and has left millions financially devastated, with no hope of finding an income stream for the foreseeable future.

The credit system of the entire country is in shambles. So much so that reports are emerging about food shortages and hunger within the Greek prison system, suggesting that serious problems in the food delivery chain have begun to materialize.

As Nigel Farage warned recently, we are beginning to see the rise of extreme political parties as a consequence of the total and utter desperation of the populace.

Today the news gets even worse. Greece’s Regulatory Authority for Energy (RAE) announced an emergency meeting to deal with what can only be construed as a tell-tale sign that this crisis is very rapidly reaching critical mass and may spiral out of control in the very near future:

Greece’s power regulator RAE told Reuters on Friday it was calling an emergency meeting next week to avert a collapse of the debt-stricken country’s electricity and natural gas system.

“RAE is taking crisis initiatives throughout next week to avert the collapse of the natural gas and electricity system,” the regulator’s chief Nikos Vasilakos told Reuters.

RAE took the decision after receiving a letter from Greece’s natural gas company DEPA, which threatened to cut supplies to electricity producers if they failed to settle their arrears with the company.

You may have thought the financial collapse of 2008 was bad. That was just a warm-up.

The main event is staring us in the face, and the whole of Europe has front-row seats.

What is happening in Europe is just a precursor for what will eventually be coming to the United States...

Read on: Parts II and III of "Being Prepared."

Until next time,

Greg McCoach
Analyst, Wealth Daily
Investment Director, Mining Speculator