In other words, like a magician's fast hand card trick, one minute you see it, the next minute you don't. The same can't be said of physical gold and silver which will become illegal to trade for the common layman starting July 15th. Coupled with the ever increasing margin hikes on the CME, we can clearly see TPTB losing control of the whole house of cards - their actions indicate so.
As the Global Financial Judgement Day arrives (very soon) we can anticipate more desperate measures imposed for the layman. The next possible measure we can expect to see is the halting of gold and silver purchases. Then as the wheels fall off the financial system, possible confiscation of gold - exactly as it occurred during the Great Depression.
Whatever the case, the handwriting is on the wall already. The wheels are set in motion and this slow motion train wreck we are experiencing will go full speed ahead into a giant mountain side. One only needs to look Japan's latest economic news. Today's article in the Manichi Times says all that needs to be said - "Japan logs 2nd-biggest trade deficit as exports keep falling in May." Period. Now, who said that Japan's catastrophe was bullish? And who has been warning time and time again that the results will be horrific? Of course, Japan's disastrous economic results for May are being downplayed and spun to death. Not a headline to be found in U.S. news about this.
The results from our non-scientific and politically incorrect poll are in. An overwhelming 41% of our readers voted that a Great Depression is imminent - within 6 months or less. Twenty five percent voted a Great Depression is coming within 12 months. Twenty three percent voted a Great Depression is coming within 24 months. Five percent voted it can go either way. And last but not least, 4% voted no Great Depression. There are two ways to look at this poll. On the one hand, one could say this poll represents "dumb money" as Wall Street geniuses call them and it means absolutely no Great Depression is coming. On the other hand, the 89% that voted a Great Depression is coming soon could be spot on because they represent Main Street [insert any nation of the over 100 nations represented by our readers] and they are in touch with reality.
Our guess, Main Street has it right.
Our readers from Greece surely know the true condition of their country and from what we have learned, it's bad. Power outages will be the norm. The Greek gov't is
In Spain, the situation is just getting heated up. The people have yet to feel austerity. As their burn rate has allowed them enough time to make it into 2012, we should expect to see the white flag pop up sometime in late Summer - along with bond yields. Already people are sensing what is coming and mass riots have begun.
As the financial world burns, so does the environment as the earth heats up - here, here, here and here. No matter what you hear from these so called "stock experts," none of this is bullish. Neither is Fukushima.
We learn more and more about cover-ups and lies in an attempt to paper over the life threatening situation. Here, EnergyNews reports that "radiation levels spiked 155 miles south of Fukushima after 1st explosion — Nuclear industry insiders told by officials to keep findings quiet."
We learn from the Manichi Daily News that TEPCO's stock price is more important than preventing radiation leaking. They are preventing a project to protect the drinking water because the cost of containing the molten nuclear fuel would costs TEPCO 100 Billion Yen.
And now the U.S. has it's own Fukushima as yet another nuclear power plant, this time the Cooper NPP has a level 4 emergency. As the river crests in late July, what will be the outcome?
We will update you on this developing situation as information is made available.