Well it appears we are the junction in the road where we are sure to experience a short squeeze followed by a “force majuere” on the comex market. While I do not wish for anything but “TRUE” price discovery, I also know that the shorts are very powerful. As Egon von Greyerz states in the following article, we have been lied to over and over again.
Start a war to divert attention from economic problems
The final desperate measure to divert attention from the dire financial situation of a country is war. After less than 3 months in power, Trump has now had to resort to war. Most of his attempts to exercise presidential power have failed. All his statements that the US will no longer be an aggressor changed very quickly after an alleged gas attack by Syria. The US president took the decision to bomb Syria before any independent investigation had taken place. Russia is clearly not going to accept this and is now assisting Syria in strengthening their defences. Russia is also sending warships to the Mediterranean where there are already US warships. The UK Foreign Secretary just cancelled a trip to Russia and has agreed with the US Secretary of State to spearhead the drive to get Russia out of Syria. But fortunately some of the members of the G7, Germany and Italy refused to back the UK and US plans for Syria.
Gold and silver – the ultimate insurance against a rotten world
What everyone can do, at different levels, is to protect themselves against the coming financial crisis. This crisis is virtually guaranteed to happen within the next few years. We have for over 15 years helped investors to preserve wealth primarily in the form of owning physical gold and silver outside the banking system.
There are various ways to buy and own precious metals but to be totally safe there are many rules that are sacrosanct:
by Egon von Greyerz There are lies, damned lies and news, to paraphrase British Prime Minister Disraeli who said: “There are lies, damned lies and statistics. Today we are fed with lies ubiquitousl…