Here is a link to a website called Peak Prosperity. Recently they did a series on the economic collapse in the US. There are about 20 "chapter videos" that run about 5 to 10 minutes in length. They cover everything from "money creation" to "control of the central banks" to "how inflation numbers are manipulated" I would encourage everyone to view the series because the next 20 years are not going to be like the last 20 years. Anyone care to debate the financial apocalypse that is just around the corner?
http://www.peakprosperity.com/video/218/playlist/153/chapter-1-three-beliefsseries
Here is why you should by silver.
http://www.youtube.com/watch?v=JdbYztGEgbU&feature=g-u-u
The worldwide derivative contracts are estimated to be over 800 Trillion with a T....some suggest it could be 1.2 Quadrillion with a Q.
Take a look at the chart halfway down this article. It lists the top 25 banks/brokers that have over 333 Trillion in derivative exposure and notice the difference between the actual assets of the bank and the exposure to derivatives. Some of them have derivative exposure 50 to 100 times their assets. Goldman Sachs has exposure to 537 times greater than their assets. Scares the crap out of me. Maybe another MF Global, using clients assets to offset company shortfalls prior to bankruptcy. And Jon Corzine gets off scott free? This time the US Govt. wont be able to bail them out, they seem to be a little overextended themselves, but wait, the Fed can always simply print more money.
Everyone should be collecting hard assets. FIAT currency sooner or later will see a spectacular meltdown .... including our own.
Some myopic people would say "Oh, but that's in the USA and we are in Canada." If you want to shut that down pretty quick ask "If you owned a corner store and 70% of your customers went bankrupt, how well do you think you would be doing?". The fact of the matter is a bit over 70% of Canadian exports go to the USA, if they go down the tubes it will be one hell of a rough ride north of the 49th as well.
Unfortunately 97% of the population really hasn't got a clue of how bad it is and 99% just don't care because the government will take care of them... right? 😆
If you search "Jones on Gold" on youtube you can find a 6 year old video that is as corny as they come but it still rings true.
BTR
Than= I’d rather be rich than poor.
Then= I first became hungry then I ate.
There = She is there now.
Their = They have their things.
They're = They're going to the mall.
To = They came to the house.
Too = That's too bad.
The Bundesbank (Germany) wants their gold back. 375 tons of it were held by the Bank of France and 300 tons from the New York Federal Reserve. The New York Fed has stated " we will give it back to you over the next 8 years". The US Fed has not allowed an audit of the gold reserves in over 60 years. More stresses on the US Economy. The list of countries that want to repatriate their gold reserves is growing. Last year Hugo Chavez repatriated 110 tons of gold from the Bank of England. Smaller countries have lost their faith in the worlds largest central banks and want to repatriate their gold. This is a huge deal.
Don't overlook or dismiss the idea of having hard assets (precious metals) in your possession for your financial protection.
Here is another reason to have concerns over banks.
http://www.examiner.com/article/largest-dutch-bank-defaults-on-physical-gold-deliveries-to-customers