The next step you take may be your last. Two weeks ago with the Cyprus debacle, there was a clear warning shot fired into the air for all of you to pay attention to. Until that fateful event, the uniformity and synchronized movements of the Western Central Bankers had managed to maintain the appearance of cash in the banks as a safe haven. When the decision to change course and begin confiscating the assets of people all of Bernanke's carefully crafted, four year Keynesian experiment was destroyed. Maybe you don't feel it yet but I think that a monumental change has occurred in the game. Its very obvious to anyone with math abilities above a 5th grade level that we're in a hole that is approaching infinity. More than likely the time that was needed to build the appropriate bugout bunkers and put the finishing touches on balancing assets of true value have been completed and the decision at a very high level has been made to pull the pin on the economic grenade.
Its very obvious that global pressures have been applied to a multitude of regions militarily and/or economically to create chaos. Some of you are aware of how manipulated these events are and that random events are usually an illusion for the puppeteers. Chaos and fear are tools of the trade designed to shift attention from what the right hand is doing. Always keep your eye on the money. And don't forget what money is......real money that is.....gold and silver. If you have not understood the significance of that simple statement then you deserve to suffer the consequences.
In case you weren't aware a large amount of bullion orders came into London today forcing up the spot price.....the orders were Asian but NOT the usual buyers.....these were new big orders out of Japan and caught the London market off guard. Careful thinking we may get that final cheap buy. Note what happened VERY quickly out of Japan today with a report that their QE has already worked its magic. REALLY??? And they think Jawboning like that will work on this jaded market? Maybe today, but not for long. That JBG has to be bought... Here's what ZH said about Kyle Bass today and his thoughts.
"The stress is beginning to show," Kyle Bass warns during a wide-ranging interview with Bloomberg TV. "The beginning of the end," is here for Japanese government bonds as he notes that while quantitiavely it is clear they are insolvent, "the qualitative perception of participants is changing." But away from Japan specifically, there is a lot more on the Texan's mind. "Things go from perfectly stable to completely unstable," very quickly; even more so after 20 years of exponential debt build-up and Keynesian cover-ups; and it is this that he warns complacent investors that it is "really important to think about the capital at risk in your strategy." For this reason he prefers to hold gold rather than Treasuries, as, "when you think about the largest central banks in the world, they have all moved to unlimited printing ideology. Monetary policy happens to be the only game in town. I am perplexed as to why gold is as low as it is. I don't have a great answer for you other than you should maintain a position." His discussion varies from housing's recovery to structured credit liquidity "money is being misallocated by the printing press" and the future of the GSEs, concluding with the rather ominous, "at some point in time, I would much rather would own gold than paper. I just don't know when that time is."
I think they've pulled the pin......don't expect it to just explode with one bang right away but a series of bangs and then one big boom...that big boom will make all of the doubters left know what the end game is. gl