Loading ...Three Months Early (You Have Been Warned)
On Friday February 17th, I proposed that the SWHTF for the economy, the banks and the markets, as a result of the ending of the paper gold and especially, silver short futures contracts. Of course I had no way of knowing for sure if that would be the weekend when everything would fall into place. The banking crisis began just weeks after and has expanded since. I have been tracking the clues and trying to explain them as best as I can. My intention was to impress upon everyone how dire the situation is and how close we are to it playing out. I wanted to shock and scare people into taking action if they hadn’t already done so. The years of complacency have caused many to believe the status quo will continue indefinitely, but the clues of why that will not be the case are too many to list here. I and others have detailed them over the last few months. I am glad I was wrong about the timing of this all playing out. If the delay and my continued warnings and listing of clues leads to even one more person taking action to protect themselves, then I’d rather be wrong about when it actually occurs. Unfortunately, the delay may have only been three months. Things are accelerating and may play out along the lines I was expecting back in February. Some possible scenarios could include a bank holiday, a flood of FED liquidity either via a large interest rate cut, some other new type of lending facility for the banks or both. Possible suspension of stock trading especially if the Comex in NY and or the LME in London are shut down and all futures contracts go into default. The debt ceiling and the Biden crime family disclosures are more potential catalysts. Get completely out of the banking system.(that includes money market accounts and possibly brokerage accounts as well.) You can have small positions in the system if the bulk of your wealth is in physical gold and or silver in your possession. If the worse case happens and even those small, in the system positions go bust, it won’t matter compared to your metals holdings. The time is here, this week is crucial and the three day holiday shutdown and collapse is likely to be the Memorial Day Weekend if they can keep things duck taped together until then?
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Sheesh. We’ve been hearing this crap for decades.
And now, “This is IT????”
We have a looooong ways to go. War hasn’t even been declared yet…
Why the bold huge text? I cant read this -…
Sorry, technical glitch not sure if it was the site or my computer but after losing my text that is the only way I could retrieve it.
Here it is. I couldn’t read it either. Copying and pasting here:
Three Months Early (You Have Been Warned)
On Friday February 17th, I proposed that the SWHTF for the economy, the banks and the markets, as a result of the ending of the paper gold and especially, silver short futures contracts. Of course I had no way of knowing for sure if that would be the weekend when everything would fall into place. The banking crisis began just weeks after and has expanded since. I have been tracking the clues and trying to explain them as best as I can. My intention was to impress upon everyone how dire the situation is and how close we are to it playing out. I wanted to shock and scare people into taking action if they hadn’t already done so. The years of complacency have caused many to believe the status quo will continue indefinitely, but the clues of why that will not be the case are too many to list here. I and others have detailed them over the last few months. I am glad I was wrong about the timing of this all playing out. If the delay and my continued warnings and listing of clues leads to even one more person taking action to protect themselves, then I’d rather be wrong about when it actually occurs. Unfortunately, the delay may have only been three months. Things are accelerating and may play out along the lines I was expecting back in February. Some possible scenarios could include a bank holiday, a flood of FED liquidity either via a large interest rate cut, some other new type of lending facility for the banks or both. Possible suspension of stock trading especially if the Comex in NY and or the LME in London are shut down and all futures contracts go into default. The debt ceiling and the Biden crime family disclosures are more potential catalysts. Get completely out of the banking system.(that includes money market accounts and possibly brokerage accounts as well.) You can have small positions in the system if the bulk of your wealth is in physical gold and or silver in your possession. If the worse case happens and even those small, in the system positions go bust, it won’t matter compared to your metals holdings. The time is here, this week is crucial and the three day holiday shutdown and collapse is likely to be the Memorial Day Weekend if they can keep things duck taped together until then?
Thank you Chuck. I was going to try that but you are the man.
If someone wants to call you FOMO peddler, let them call.
Just yesterday I saw/read : when a husband and wife fight, they should focus on the problem, not name-call each other.
I thought people here were more mature.
Like the other day, when Sir Fully explained to me that the DISCLAIMER was a legal thingy, which, being on this “free forum” I had NO IDEA about it being a requirement or the posters’ comments having any legal implications. Once he told me to shut up RESPECTFULLY, I obliged, with no mean feelings towards him.
So, Sir CM, please feel free to shout as much as you like, and if FOLKS don’t get it, THEN IT IS THEIR PROBLEM.
I’ve just had it with cute timers.
I bought my first 5 one ounce coins in 2009 or so, at 1065 apiece plus 60 premium
It doubled in 13 years. Maybe that phyzz is still under water comparing the USD “value” of 2009 versus 2023.
Some will never get it.
Leave them.
Ignore them.
GL
thank you
If you can’t see this is different you haven’t been paying attention. War has nothing to do with it, although that could be one of the excuses. It is all about the 50 year silver price suppression and what has changed in the last two years. If you don’t understand that then you will be waiting for Godot.
Let me leave Sir Silverboom and any others who are skeptical with two thoughts. If you did what I suggested back in late Feb. going into the Presidents Day weekend and went all in physical silver around $21-$21.50 at that time would you be hurt or OK? If you do it now around $25.50-$26 silver what is the worst thing that can happen? The system doesn’t collapse by month end or maybe it never collapses.(I doubt it but so what?) You would still have your wealth protected in something of value as opposed to declining fiat. If the system does shut down at some point in the near future where will you be then?
The skepticism has nothing to do with whether things are going to suddenly unfold rapidly. It has to do with crying wolf – why not make that post once a month and then you can write the same thing you just wrote to me? Preparation is not driven by specific dates but by specific causes and effects. What, exactly, is the point of “sounding the alarm?” I enjoy your posts a lot – you provide plenty of food for thought and make some excellent recommendations. But repeating the “this is it” post reminds me of those bogus doomsday religious numbskulls who call the specific date for the end of the world. It simply never happens. Not casting you in the same corral, but it strikes me as similar is all.
Silver going to $150 will not happen next week. It will take time with multiple corrections, pullbacks, deep dives, etc. As we have witnessed repeatedly. To call “this is it” repeatedly undermines credibility. It is not “no harm done.” It is harming your reputation and credibility IMHO.
I tried to explain that things have changed in the last year. I also explained that I strongly believe this is it. Not necessarily that silver will go to $150 in a day or week(although that could happen) but to impress on people that if they still keep the bulk of their wealth in bank accounts and mutual fund accounts etc. they are risking it to total loss in the blink of an eye. Most of us here accept that the Comex controls the price of gold and silver by using derivatives. Anyone paying attention knows the silver is being drained since they changed the rules allowing exchange for physical which allows large players mainly in Asia to drain the metal from Comex thru to LMA and to China, India etc.When the Comex has no more inventory the game ends.Force majeure gets invoked and the Comex settles in fiat and closes down. Silver will then trade freely in Asia at much higher prices and will be almost impossible to obtain. That is the reason for the warning and as I said above, if I convince one more person to take action before it is too late that is my motivation.
EXACTLY
If you have planned resilience into your life it wont matter anyway because you are ready and maybe even looking forward to it. I have lived under a communist style system and can tell you that the most inconvenient things are really that nothing happens on time anymore. Everything is rationed. There is virtually no choices when shopping whether for services or supplies and when you get there you can’t afford it anyway. Resilience means you can make your own. For example, we learned how to make our own cheese and yogurt since the store supplies were always extremely limited. Your life will change and you will adapt or you will suffer from privation and get used to being miserable. Most people did not adjust well was my observation. They just did without rather than find novel ways to substitute to make up for shortages.