May 01

The state of Connecticut is apparently considering a 10 day moratorium on gold buyers. What next background checks? Spain is starting to consider fleecing foreign property owners with a wealth tax -> the UK will be right along soon after so don’t worry unless you have property in both countries.

The point is that all the debts will be paid for somehow if the rich and banks are to survive intact. The day that happens is likely to be closer if more and more ordinary citizens never mind Billionaire’s squirrel money into Metals and Bitcoin or equivalents to protect themselves from the likes of Osborne, Carney and Bernanke.

The attempt last week to end the Gold Bug-gery Bull run has just brought about a decimation of the Paper Gold market and the start of a separate physical Gold market it seems – people sold paper promises of Gold and people bought cheaper bullion! Seriously you have the absurdity of a shortage with a lower price! However as more metals shift to the East how can a bunch of crooks in New York and London control that? Then Govts have to look for things to take ala Cyprus. To take wealth off people to fund their debt. After Cyprus only nutters would put money in a bank so that leaves property and wealth in Gold and its ilk.

Anyway it seems Americans’ll soon find it easier to get a gun and make money through crime than buy Gold. I guess it’s a zero sum game even if you end up with wealth it will be stolen in a wealth tax in each country you have property or Gold etc.

Time to fight back?

written by reaction \\ tags: , , ,