The Welfare State

My thoughts on the silver/gold smash in the face of retail sales, cooked employment numbers and rising interest rates. Note rising interests rates is like lighting the fuse to the derivative bomb, yet it is to be defused by cash settlement rather than delivery of collateral now (ISDA new rule)
. The banks and insiders will gobble up silver and gold while the public is choosing Hershey bars over silver bars (Mark Dice videos). The bankers through media did an overwhelming psyops job in concealing the inherent value of precious metals. This is even reinforced through FDR's confiscation. Really depressing. The good stuff is for them, not you. Maybe why gold is a Basel III Tier 1 capital asset that has supreme collateral over foreign currencies, and maybe why Gates, Buffett and others make statements like this.....Bill Gates:
Gold holdings “just sit there and don’t do anything”.
Charles Munger:
“Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939, but I think civilized people don’t buy gold, they invest in productive businesses.” We know why it just sits there and doesn't do anything. Ha ha. They should know if anyone. "The financial policy of the welfare state requires that there be no way for the owners of wealth to be able to protect themselves." Alan Greenspan - 1966.