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http://www.gold-eagle.com/editorials...oon091708.html
INVESTING IN CHAOS - THE STORM IS HERE
Darryl Robert Schoon
All Swans Are Black
Saturdays and Sundays
Used to be fun
Weekends were holidays
Perhaps time in the sun
But now it’s all changing
Changing for worse
As bankers are draining
The public’s thin purse
Northern Rock Fannie Mae
Freddie Mac and Bear
What’s next we all wonder
Who will it be where?
Lehman’s a lemming
As was Bear Stearns
WaMu AIG
They’re all gonna burn
Only one thing is for certain
And that will be when
The next bank that fails
It’ll be on a weekend
Last weekend started early for Timothy Geithner, President and CEO of the New York Federal Reserve. At 6 pm, Friday, Geithner called an emergency meeting to discuss the possible collapse of Wall Street investment bank, Lehman Bros.
The troubles of Lehman Bros had worsened during the previous week and the current Fed playbook dictated a solution be found on the weekend to calm financial markets opening Monday; but, this weekend, the Fed playbook came up empty, Lehman Bros. declared bankruptcy.
(Zynox - The Playbook is "His-Story")
It’s official. The storm is here.
There is $6.84 trillion on deposit in US banks; but US banks have only $273.7 billion cash on hand. The banks cannot possibly pay back depositors all their money as only 4 % of depositors’ funds are actually available. The rest has been loaned out, i.e. to real estate developers, etc.
(Zynox - This is the planned wealth transfer.)
The safety net of both bankers and depositors may prove inadequate in the days ahead. Be forewarned."
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http://www.gold-eagle.com/editorials...ene091708.html
ALERT! - LAST CHANCE TO TRADE YOUR PAPER GOLD AND SILVER FOR PHYSICAL
Richard J. Greene
There have been several highly visible clues that accepting paper promises from some of the leading financial counterparties in the US may be lethal to your financial health. If you have any common sense at all you have to recognize that the official pricing of gold and silver that is accepted in the industry is a complete farce. With COMEX silver currently trading at $10.44 per ounce you can not buy physical silver any where near that price. Silver bars are trading more than $3 higher than that price and the best price I have seen for junk silver bags is close to $2 over that price. There is a real shortage of silver moving to refiners.
Bill Murphy of GATA on Friday spoke about a recycler offered $16 per ounce after deciding to sit on his product after seeing the low spot price on the COMEX which deals are settled at.
Bullion dealers are constantly sold out and can sell product that walks in the door before the seller even leaves the premises at way over spot. Some dealers are even getting $20 - $25 per one ounce coin with the quoted spot price at $10 and change."
(Zynox - This is the beginning of transition, may sound money follow!)
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~ Namaste / Got Sovereignty? ~